UMIYA BUILDCON LIMITED — Important, 18-03-2025: Agreements

Umiya Buildcon Limited has announced a partnership with Indra Hotels (Mysore) Private Limited to establish a Special Purpose Vehicle (SPV) aimed at executing a real estate project in North Bangalore. The agreement allocates a 66.66% stake to Umiya and a 33.34% stake to Indra Hotels, with a consideration of ₹13.33 Crores. This venture is positioned to facilitate the acquisition and development of residential and commercial properties, enhancing the company’s portfolio in the rapidly growing real estate sector. This strategic move could bolster investor sentiment, suggesting a positive outlook as Umiya positions itself for growth in real estate development.