Brigade Enterprises Limited has incorporated two wholly owned subsidiaries on September 1, 2026:
1. Celebrations Property Private Limited
2. Tetrarch Estates Private Limited
Subsidiary Details:
Celebrations Property Private Limited:
- Authorized Capital: ₹10,00,00,000 (1,00,00,000 equity shares of ₹10 each)
- Subscribed Capital: ₹1,00,00,000 (10,00,000 equity shares of ₹10 each)
- Consideration: Cash subscription of ₹1,00,00,000
- Shareholding: 100% acquired by Brigade Enterprises Limited
- Business: Real Estate Development Business
- Incorporation Date: September 1, 2026
- Country of Presence: India
- Turnover: Not applicable as the company is newly incorporated and yet to commence operations
Tetrarch Estates Private Limited:
- Authorized Capital: ₹10,00,00,000 (1,00,00,000 equity shares of ₹10 each)
- Subscribed Capital: ₹1,00,00,000 (10,00,000 equity shares of ₹10 each)
- Consideration: Cash subscription of ₹1,00,00,000
- Shareholding: 100% acquired by Brigade Enterprises Limited
- Business: Real Estate Development Business
- Incorporation Date: September 1, 2026
- Country of Presence: India
- Turnover: Not applicable as the company is newly incorporated and yet to commence operations
Additional Information:
- The acquisition does not fall within related party transactions
- No promoter/promoter group/group companies have any interest in the transaction
- No governmental or regulatory approvals were required for the acquisition beyond standard incorporation procedures
- No indicative time period for completion is applicable as the subsidiaries have already been incorporated