Hubtown Limited — JV/Acquisition, 18-02-2025: Acquisition

Hubtown Limited has increased its stake in its subsidiary, Rare Townships Private Limited (RTPL), from 67.53% to 72.91% by acquiring 10,705,606 Class A equity shares at a face value of Rs.10 each, for a total investment of Rs.10.71 crore. This strategic move aligns with Hubtown's focus on enhancing its presence in the real estate sector, as RTPL is engaged in the construction and development of residential and commercial properties. The increased ownership is expected to bolster operational efficiencies and further strengthen the company's market position in the real estate industry.