Karnika Industries Limited — JV/Acquisition, 26-07-2026: Acquisition

Karnika Industries is strategically expanding its horizons, announcing the acquisition of a 40% equity stake in Elementa Lifespaces Private Limited for ₹2 Cr. This significant investment marks Karnika's entry into the Real Estate sector, a clear move to diversify its business portfolio. The company aims to tap into new growth opportunities within the property market, leveraging this acquisition to build a presence in a high-potential industry. This financial commitment of ₹2 Cr for a substantial 40% stake signals a focused push into a new vertical.