+
Shree Naman Approved for Radius Infra Takeover
ECONOMY & POLICY

Shree Naman Approved for Radius Infra Takeover

Shree Naman Group has received approval from the National Company Law Tribunal (NCLT) to acquire Radius Infratel Limited, a subsidiary of bankrupt real estate developer Radius Developers. The acquisition will enable Shree Naman to take over Radius Infratel's ongoing projects and assets, marking a significant development in the real estate sector.

The decision by NCLT comes as part of the resolution process under the Insolvency and Bankruptcy Code (IBC). Shree Naman Group, known for its expertise in real estate development, aims to leverage this acquisition to expand its presence in the market. The acquisition will also provide relief to stakeholders and homebuyers associated with Radius Infratel, offering a path towards project completion and resolution of pending issues.

Shree Naman's commitment to quality and timely delivery is expected to positively impact the projects under Radius Infratel, instilling confidence among buyers and investors. This approval by NCLT signifies a step forward in the resolution process for Radius Infratel and underscores the effectiveness of the IBC framework in addressing distressed assets in the real estate sector.

Shree Naman's takeover of Radius Infratel is poised to bring stability and momentum to the projects under its umbrella, contributing to the revitalization of the real estate market. As the acquisition progresses, stakeholders can look forward to a renewed sense of progress and direction in the development landscape.

Shree Naman Group has received approval from the National Company Law Tribunal (NCLT) to acquire Radius Infratel Limited, a subsidiary of bankrupt real estate developer Radius Developers. The acquisition will enable Shree Naman to take over Radius Infratel's ongoing projects and assets, marking a significant development in the real estate sector. The decision by NCLT comes as part of the resolution process under the Insolvency and Bankruptcy Code (IBC). Shree Naman Group, known for its expertise in real estate development, aims to leverage this acquisition to expand its presence in the market. The acquisition will also provide relief to stakeholders and homebuyers associated with Radius Infratel, offering a path towards project completion and resolution of pending issues. Shree Naman's commitment to quality and timely delivery is expected to positively impact the projects under Radius Infratel, instilling confidence among buyers and investors. This approval by NCLT signifies a step forward in the resolution process for Radius Infratel and underscores the effectiveness of the IBC framework in addressing distressed assets in the real estate sector. Shree Naman's takeover of Radius Infratel is poised to bring stability and momentum to the projects under its umbrella, contributing to the revitalization of the real estate market. As the acquisition progresses, stakeholders can look forward to a renewed sense of progress and direction in the development landscape.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code