Key Transaction Details
- Brigade Enterprises Limited has acquired 100% stake in the equity shares of M/s. Celebrations Private Limited, which was previously a step-down subsidiary of the Company.
- Prior to this acquisition, M/s. Brigade Hospitality Services Limited (wholly owned subsidiary of Brigade Enterprises) held 100% of the equity shares of M/s. Celebrations Private Limited.
- The acquisition was completed on August 19, 2026, making M/s. Celebrations Private Limited a wholly owned subsidiary of Brigade Enterprises Limited with effect from that date.
Target Entity Details
- Name: M/s. Celebrations Private Limited
- Incorporation: Private limited company incorporated under the Companies Act, 2013 on November 08, 2021
- Authorized Share Capital: ₹30,00,000 (Rupees Thirty Lakhs only)
- Paid-up Share Capital: ₹30,00,000 (Rupees Thirty Lakhs only)
- Business: Real estate development business
- Country of Presence: India
- Turnover History:
- 2025-26: NIL
- 2024-25: NIL
- 2023-24: NIL
- Current Status: The company is in the process of being operational due to which there is no revenue generation
Transaction Terms
- Consideration Type: Cash
- Acquisition Cost: ₹30,00,000 (Rupees Thirty Lakhs Only)
- Price per Share: ₹10 per equity share (face value)
- Time Period: Acquisition completed on August 19, 2026
Regulatory and Compliance Aspects
- Related Party Transaction: The transaction is between the Company and its wholly owned subsidiary, hence classified as a related party transaction
- Arm's Length Basis: The transaction was conducted on an arm's length basis
- Promoter/Promoter Group Interest: Promoter/Promoter group/Group company is interested to the extent of their shareholding, if any, in target entity
- Government Approvals: Not applicable
Purpose and Impact
The acquisition is made with the object to undertake Real Estate development projects in the Company.
Additional Information
The disclosure is also hosted on the company website at www.brigadegroup.com