Valor Estate Limited announced that its wholly owned subsidiary, MIG (Bandra) Realtors Private Limited, is acquiring the entire equity share capital of Radius Estates and Developers Private Limited. The transaction is structured as a Cash Consideration totaling ₹383 crore. This move is strategic, aiming to consolidate ownership and control over Radius Estates’ underlying real estate projects. The acquisition is subject to conditions, including the release of pledged shares, with an outer timeline set for December 2027.
Acquisition of Radius Estates Finalized
Valor Estate Limited (formerly D B Realty Limited) disclosed that its subsidiary, MIG (Bandra) Realtors Private Limited (“MIG”), has entered into definitive documents on March 30, 2026, to acquire the entire equity share capital of Radius Estates and Developers Private Limited (“Target company”). Upon closing, Radius Estates will become an indirect wholly owned subsidiary of Valor Estate.
Transaction Details and Rationale
The transaction involves a Cash Consideration totaling an Aggregate consideration of ₹383 crore for the acquisition of 100% of the equity share capital of Radius Estates.
Capital and Turnover Snapshot of Target
- Authorized Capital: ₹3,500 crore
- Paid Up Capital: ₹22.055 crore
- Turnover (as of March 31, 2025): ₹157.55 crore
Radius Estates, incorporated on July 19, 2014, is engaged in real estate development. The acquisition is explicitly stated to be in line with Valor Estate’s core real estate business, intending to consolidate ownership and control over the target entity and its project interests.
Turnover History of Radius Estates
The turnover history for the last three financial years shows significant growth:
- FY 2024-25: ₹157.55 crore
- FY 2023-24: ₹0.31 crore
- FY 2022-23: ₹Nil
Conditions and Timeline
The consummation of the acquisition is contingent upon several conditions precedent. Chief among these is the release of pledged shares by the existing lender/charge holder. The indicative outer timeline for the completion of the acquisition is set for up to December 2027, pending the fulfillment of these agreed milestones.
The announcement confirmed that the proposed transaction does not constitute a related party transaction, and neither the promoter nor promoter group has any interest in the Target company.
Source: BSE
