B-Right Realestate Limited has made a disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company announced that its material subsidiary, B-Right Realestate Ventures LLP (LLPIN: AAF-1447), has incorporated a new private limited company named B-Right Bombay Highlines Township Private Limited (CIN: U68100MH2026PTC476833) on October 19, 2026.
Key Details of the Transaction
- Target Entity: B-Right Bombay Highlines Township Private Limited
- Incorporation Date: October 19, 2026
- Industry: Real Estate and Developers
- Transaction Type: Acquisition of shareholding by material subsidiary
- Shareholding Structure:
- Pre-acquisition holding: 00.00%
- Acquired stake: 80.00%
- Post-acquisition holding: 80.00%
- Consideration: Cash consideration
- Related Party Transaction: No
- Governmental/Regulatory Approvals: Not Applicable
- Completion Date: October 19, 2026 (completed on incorporation date)
Background on Acquired Entity
B-Right Bombay Highlines Township Private Limited was incorporated under the Companies Act, 2013 on October 19, 2026. The company has its registered office in Mumbai and operates in the line of business of Real Estate and Developers. The entity is newly incorporated with no historical financial data or turnover history.
Purpose and Objects
The acquisition is for the development of real estate projects. The transaction was completed through cash consideration and is stated to be at arm's length, not constituting a related party transaction.