Corporate News
Shriram Properties Limited announced it has signed definitive documents to acquire equity shares from partners in four ongoing joint ventures: Shrivision Towers Private Limited, SPL Towers Private Limited, Shriprop Living Space Private Limited, and Shriprop Hitech City Private Limited. The acquisitions, which are of a strategic nature for business reasons, involve acquiring 49% of Shrivision Towers Private Limited, 49% of SPL Towers Private Limited, 49% of Shriprop Living Space Private Limited, and 50% of Shriprop Hitech City Private Limited, with a total cost of acquisition of Rs 2,200 Lakhs, Rs 0.50 Lakhs, Rs 1,499.40 Lakhs, and Rs 0.10 Lakhs respectively. The completion date for all acquisitions is September 30, 2026, and will be funded through cash consideration.