Transindia Real Estate Limited — JV/Acquisition, 07-08-2025: Amalgamation/Merger
07-08-2025 | 05:41 pm
07-08-2025 | 05:41 pm
Transindia Real Estate's Board has approved the merger of its wholly-owned subsidiary, Madanahatti Logistics and Industrial Parks. This strategic move aims for greater integration, financial strength, and cost savings by streamlining operations and optimizing cash flow. Madanahatti, with a turnover of ₹2.36 Cr and net worth of ₹40.31 Cr (as of March 31, 2025), will merge into Transindia (turnover ₹54.85 Cr, net worth ₹424.22 Cr). No new shares will be issued, ensuring no change in Transindia's shareholding pattern. The merger is pending court and other necessary approvals.
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