B-Right Realestate Acquires Tattva & Mittal Developers

B-RIGHT REALESTATE LIMITED

Key Transaction Details

• Event: B-Right Realestate Limited has entered into a Share Purchase Agreement for acquisition of 100% Equity Share Capital of M/s. Tattva & Mittal Developers Private Limited.
• Target Company: Tattva & Mittal Developers Private Limited (CIN: U70102MH2015PTC269988)
• Acquisition Percentage: 100% equity share capital
• Previous Holding: Nil
• Post-Acquisition Holding: 100%
• Consideration Type: Cash Consideration
• Completion Date: August 13, 2026
• Related Party Transaction: No

Target Company Financials (as of March 31, 2024)

• Turnover for FY 2023-24: ₹ Nil
• Profit After Tax for FY 2023-24: ₹ (20,000) [Loss]
• Net Worth for FY 2023-24: ₹ (2,37,200) [Negative]

Target Company Background

• Incorporation Date: November 6, 2015
• Industry: Real Estate and Developers
• Line of Business: Real Estate and Developers
• Geographic Presence: India
• Project Location: Kachpada, Malad West, Mumbai - 400097

Purpose and Effects of Acquisition

Acquiring Tattva & Mittal Developers Private Limited is intended for 100% ownership and better management and operational control. This will effectively result in takeover of real estate project located at Kachpada, Malad West, Mumbai - 400097.

Regulatory Approvals

• Governmental/Regulatory Approvals Required: Not Applicable