Signatureglobal's board approved acquisition of a Residential Project from subsidiary GCL for a lump-sum consideration of Rs. 50 crores via slump sale.
The company approved transfer of 35,69,731 GCL equity shares to RMZ at Rs. 158.84/share, totalling ~Rs. 56.70 crores, ending GCL's wholly-owned subsidiary status.
Total Final Consideration from RMZ revised upward to ~Rs. 1,293.47 crores (from Rs. 1,283 crores), with RMZ investing ~Rs. 1,236.77 crores into GCL via securities subscription.
The Residential Project covers ~7.513 acres in Sector 71, Gurugram, with 16,42,484 sq ft of FSI including TDR, transferred on a going concern basis.