Shradha Infraprojects Acquires 100% Subsidiary Suntech Infraestate for ₹11.60 Cr
Shradha Infraprojects Limited has announced the successful acquisition of 100% of the preference share capital of its wholly-owned subsidiary, Suntech Infraestate Nagpur Private Limited, from Riaan Ve...
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Why is Shradha Infraprojects Limited in the news today?
Shradha Infraprojects Limited (SHRADHA) is in the news due to the company has successfully acquired full control of its subsidiary, which is aligned with its business strategy and aims to strengthen its capital structure.
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Shradha Infraprojects Acquires 100% Subsidiary Suntech Infraestate for ₹11.60 Cr
December 30, 2025, 02:15 PM
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Shradha Infraprojects Limited has announced the successful acquisition of 100% of the preference share capital of its wholly-owned subsidiary, Suntech Infraestate Nagpur Private Limited, from Riaan Ventures Private Limited. The cash consideration for this transaction was not exceeding ₹11.60 Crores.
This acquisition, which was approved by the Board of Directors on December 3, 2025, and subsequently by shareholders at an Extra-Ordinary General Meeting on December 27, 2025, has been completed as of December 30, 2025. Following the acquisition, Shradha Infraprojects Limited holds 100% control over Suntech Infraestate Nagpur Private Limited in terms of both equity and preference share capital.
The company stated that the acquisition is in the ordinary course of business and aligns with its existing business activities. Suntech Infraestate Nagpur Private Limited is engaged in infrastructure and real estate development. The acquisition aims to consolidate the company's investment in its subsidiary and strengthen its capital structure for ongoing and future projects.
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