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Shriram Properties has acquired 49-50% equity stake in 4 (49% in three and 50% stake in one) ongoing joint venture companies

ICICIdirect Research 01 Oct 2026 DISCLAIMER

News: Shriram Properties has acquired 49-50% equity stake in 4 (49% in three and 50% stake in one) ongoing joint venture companies. The companies are engaged in the business of real state development and construction in Bengaluru. The total consideration paid for the acquisition is ₹38 crore in cash. 

View: SPL has a strong presence in Bengaluru Chennai and Kolkata, it entered the Pune market last year and plans to expand business further. Project acquisition to help company support its long term growth plans of achieve ₹5000 crore pre-sales in 3-4 years. 

Impact: Neutral

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