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Mason Infratech LimitedImportant, 10-03-2025: Disclosure of material issue

10-03-2025 | 06:09 pm

Mason Infratech Limited is acquiring a 50% equity stake in Megastone Projects Private Limited for cash, totaling ₹5,00,000. This acquisition is classified as a related party transaction, with the promoters having an interest in Megastone, and the deal is being conducted on an arm's length basis. Megastone, incorporated on March 8, 2025, operates in the construction industry in India. The strategic intent behind this acquisition is to enable Mason to acquire, develop, lease, and manage properties for investment, sale, or operational purposes. The transaction is expected to be completed within 180 days of Megastone's incorporation. Investors should watch closely, as this move could enhance operational capabilities and market presence in the construction sector.

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