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Max Estates will acquire a ~84.71-acre residential land bank in West Delhi, estimated at ₹10,000–12,000 crore CDV, for ~₹420.2 crore through equity issuance and no cash consideration. Approximately 70 lakh shares will be issued at ₹597.50, subject to shareholder and regulatory approvals. Context: a major step in land replenishment.
Max Estates Approves ₹420 Crore Najafgarh Land Acquisition Via Share Swap
Max Estates Approves ₹420 Crore Share-Swap Acquisition Of 84.7-Acre Delhi Land
Max Estates Approves ₹420 Crore Share-Swap Acquisition Of Delhi Land Platform
Max Estates Agrees To Acquire 84.71-Acre Delhi Land Via Share Swap
Max Estates Approves ₹420 Crore Share-Swap Acquisition Of 84.7-Acre Najafgarh Land Platform