With this acquisition, Sobha plans to execute a project in approximately 2.03125 acres of land situated at sector 106, Gurugram.
Sobha Developers (Pune) (SDPL), a wholly owned subsidiary of Sobha, has entered into a share purchase agreement with BNB Builders (BBPL) to acquire 100% equity shares of the company for Rs 29.5 crore, the company informed in a BSE filing.
With this acquisition, BBPL will become a wholly-owned subsidiary of SDPL and a step-down subsidiary of the company. This will also help the company to execute a project in approximately 2.03125 acres of land situated at sector 106, Gurugram.
In a separate regulatory filing, the company informed that it has received assessment orders from the income tax department for the assessment year (AY) 2016-17 and AY 2022-23 for Rs 13.12 crore and Rs 32.68 crore respectively, due to disallowances of certain expenses and other additions.
Source : ET
Related Articles
August 28, 2025
Properties Gurgaon
August 28, 2025
Properties Gurgaon
Why Central Park 104 Service Apartment Is the Best Choice in Gurgaon?
August 18, 2025
Properties Gurgaon
Reasons to Invest in Chintamanis North Avenue Sector 3 Badsa Plots
Recent Posts
Categories
- Real Estate News (464)
