Man Infraconstruction Limited has disclosed an acquisition of additional partnership interest in its associate entity, MICL Properties LLP.
Transaction Details
- Date of Acquisition: August 17, 2026
- Target Entity: MICL Properties LLP (an Associate of the Company)
- Acquisition Type: Additional Partnership Interest
- Percentage Acquired: 16%
- Total Holding Post-Acquisition: The company now holds a 50% partnership interest in the LLP.
- Consideration: Cash
- Cost of Acquisition: Rs. 16,000
- Capital Contribution of LLP: Rs. 1,00,000/-
Target Entity Background
- Name: MICL Properties LLP
- Date of Incorporation: July 05, 2021
- Jurisdiction: Maharashtra, India
- Business: The main business is to undertake real estate business and other related activities.
- Financials (Turnover):
- FY 2025-26: Nil
- FY 2024-25: Nil
- FY 2023-24: Nil
Regulatory and Transaction Classification
- The transaction is confirmed not to fall within the purview of related party transactions pursuant to the provisions of the SEBI Listing Regulations.
- The Promoter and Promoter Group have no interest in MICL Properties LLP, except that Mr. Manan P. Shah, Managing Director of the Company, represents the company as a Designated Partner in the LLP.
- No governmental or regulatory approvals were required for this acquisition (NA).
- The acquisition is complete; no indicative time period for completion was applicable (NA).
Purpose of Acquisition
The company acquired the additional partnership interest in MICL Properties LLP, which is engaged in the business of real estate and other related activities.