Peninsula Holding and Investment Private Limited to Acquire RR Mega City Builders Limited
Deepthi | Myequity news | Date : 26-10-2018 20:10:00 IST
Peninsula Land Limited through its subsidiary Peninsula Holding and Investment Private Limited (PHIPL) has entered into a Securities Purchase Agreement to acquire 71 % Equity shares of RR Mega City Builders Limited on 25th October, 2018, thereby making it a step-down subsidiary of the Company.
About Peninsula Land Limited:
Peninsula Land Limited, a part of the Ashok Piramal Group, is a company committed to creating international landmarks that redefine India's skyline. It is amongst the first real estate companies to be listed on the stock exchange. Today Peninsula Land is an integrated real estate company, with business verticals that include a realty fund, facility management, home decor and concierge services. Its projects include pioneering retail ventures, world-class commercial projects and residential complexes.