Max Estates has proposed to acquire 100 per cent equity of Acreage Builders, at an enterprise value of Rs.3.22 bn, subject to the seller obtaining requisite approvals. The transaction is expected to be completed by February 2023. Post the acquisition, the said company will become a wholly owned subsidiary of Max Estates. The company plans to develop a commercial space on the 7.15 acre land, currently owned by Acreage, in Gurugram. The potential leasable area is ~1.6 mn sq ft.
Contact: Max Estates
Mob: (0)95553 95222
Website: maxestates.in
