DB Realty to Sell Shareholding in Siddhivinayak Realties to RCFL

03 Nov 2023 CW Team

The share purchase agreement between the two parties stipulates that RCFL will acquire 77.20% of the outstanding equity shares of Siddhivinayak Realties from DB Realty. This transaction will allow RCFL to strengthen its presence in the real estate sector and further diversify its portfolio.

DB Realty, known for its landmark residential and commercial projects, has been actively seeking opportunities to optimize its balance sheet and improve its financial position. The sale of its shareholding in Siddhivinayak Realties is part of this strategic approach. The infusion of funds from the sale will help DB Realty reduce its debt and focus on its core operations.

Siddhivinayak Realties, a subsidiary of DB Realty, has a strong presence in the Mumbai Metropolitan Region (MMR) and has developed various residential and commercial projects across the city. Its portfolio includes iconic projects such as Auris Serenity and Orchid Whitefield. The sale of its shares to RCFL will provide the company with the necessary resources to further expand its real estate developments in the region.

RCFL, a public sector undertaking under the Ministry of Chemicals and Fertilizers, has been actively diversifying its business interests. With this acquisition, the company aims to leverage Siddhivinayak Realties' expertise in the real estate sector and capitalize on the potential growth opportunities in the Mumbai market.

The transaction is subject to regulatory approvals and other customary closing conditions. Both DB Realty and RCFL are optimistic about the successful completion of the deal within a reasonable timeframe.

In conclusion, the sale of DB Realty's shareholding in Siddhivinayak Realties to RCFL for Rs 376.18 crore is a strategic move aimed at debt reduction and consolidation. This transaction will enable RCFL to strengthen its presence in the real estate sector, while providing DB Realty with the necessary funds to focus on its core operations.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

Mumbai-based real estate developer, DB Realty, has announced its plans to sell its entire shareholding in Siddhivinayak Realties to Rashtriya Chemicals and Fertilizers Ltd (RCFL) for a total consideration of Rs 376.18 crore. The move is aimed at reducing DB Realty's debt and consolidating its operations. The share purchase agreement between the two parties stipulates that RCFL will acquire 77.20% of the outstanding equity shares of Siddhivinayak Realties from DB Realty. This transaction will allow RCFL to strengthen its presence in the real estate sector and further diversify its portfolio. DB Realty, known for its landmark residential and commercial projects, has been actively seeking opportunities to optimize its balance sheet and improve its financial position. The sale of its shareholding in Siddhivinayak Realties is part of this strategic approach. The infusion of funds from the sale will help DB Realty reduce its debt and focus on its core operations. Siddhivinayak Realties, a subsidiary of DB Realty, has a strong presence in the Mumbai Metropolitan Region (MMR) and has developed various residential and commercial projects across the city. Its portfolio includes iconic projects such as Auris Serenity and Orchid Whitefield. The sale of its shares to RCFL will provide the company with the necessary resources to further expand its real estate developments in the region. RCFL, a public sector undertaking under the Ministry of Chemicals and Fertilizers, has been actively diversifying its business interests. With this acquisition, the company aims to leverage Siddhivinayak Realties' expertise in the real estate sector and capitalize on the potential growth opportunities in the Mumbai market. The transaction is subject to regulatory approvals and other customary closing conditions. Both DB Realty and RCFL are optimistic about the successful completion of the deal within a reasonable timeframe. In conclusion, the sale of DB Realty's shareholding in Siddhivinayak Realties to RCFL for Rs 376.18 crore is a strategic move aimed at debt reduction and consolidation. This transaction will enable RCFL to strengthen its presence in the real estate sector, while providing DB Realty with the necessary funds to focus on its core operations.

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

Infrastructure Transport

05 Sep 2025

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Infrastructure Transport

05 Sep 2025

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..