M&A

M&A

Shriram Properties acquires Suvilas Realities

Economic Times  

Shriram Properties Limited (SPL) through its wholly owned subsidiary, Shriprop Builders Private Limited, has completed the acquisition of 100% of equity in Suvilas Realities Private Limited. Suvilas Realities is currently developing a 0.65 million square feet (msf) residential project on a 6.9 acres land located at Jalahalli, Bengaluru, under the brand name “Shriram Suvilas Palms” and a revenue potential of over INR.400 crores. Additionally, Shriram Properties has acquired another project from Suvilas, namely the Shriram Suvilas Garden of Joy, which comprises of 152 units with aggregate saleable area of appoximately 0.2 msf and being developed on a 2-acre land parcel located Jalahalli.