Kesar India Limited filed a disclosure pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding the acquisition of an additional stake in Nexa Infraspace Private Limited.
Transaction Details
- Previous holding: 10% equity stake (1,000 shares of ₹10 each)
- Additional acquisition: 20% equity stake (2,000 shares of ₹10 each)
- Post-acquisition holding: 30% equity stake (3,000 shares of ₹10 each)
- Cost of acquisition: ₹20,000
- Cost per share: ₹10 each
- Consideration type: Cash consideration
- Acquisition date: July 30, 2026
Relationship Impact
Pursuant to this acquisition, Nexa Infraspace Private Limited has become an Associate Company of Kesar India Limited.
Counterparty Details
The equity shares were acquired from Mr. Vikrant Jain, who was not a related party of the company prior to this transaction.
Transaction Basis
The acquisition was undertaken in the ordinary course of the company's business and on an arm's length basis. The Promoter/Promoter Group/group companies do not have any interest in the entity being acquired.
Target Company Information
Nexa Infraspace Private Limited
- Industry: Construction and Real Estate Development
- Date of incorporation: March 30, 2024
- Paid-up share capital (as of March 31, 2026): ₹1,00,000 (Rupees One Lakh only)
- Turnover: Nil for FY 2024-25 and FY 2025-26
- Country of presence: India
Strategic Rationale
The investment provides the company with access to new business opportunities, enhances its project portfolio and supports its long-term growth strategy.
Additional Requirements
No governmental or regulatory approvals were required for this acquisition.