Image Source: Kesar India Ltd
Kesar India’s latest move involves a 10% stake in the newly formed real estate firm Nexa Infraspace, reinforcing its expansion ambitions in the real estate and infrastructure domain. This acquisition is part of the company’s ongoing strategy to diversify and strengthen its portfolio in land development and construction.
Show more
Kesar India Ltd. announced that its Board of Directors approved acquiring a 10% stake in Nexa Infraspace Private Limited (NIPL), a real estate development firm, on November 5, 2025. This move signifies Kesar India’s ongoing expansion into the construction and real estate sector.
Major Takeaways
-
Acquisition Details: Kesar India will purchase 1,000 equity shares of NIPL at Rs. 10 each, totaling Rs. 10,000, representing a 10% stake.
-
Company Overview: NIPL, incorporated in March 2024 in Nagpur, has a nominal turnover due to its recent inception, and operates primarily in land development and construction.
-
Strategic Intent: The acquisition aligns with Kesar India's broader focus on real estate developments, including land and high-rise projects, with the transaction not classified as a related-party deal.
-
Timeline & Approval: The acquisition was completed on the same day as the Board meeting, with the process following a share purchase agreement.
-
Industry & Future Outlook: This step underscores Kesar India's strategic growth in construction and real estate, aiming to leverage NIPL’s land development capabilities.
Source: Company Disclosure to the Stock Exchanges
Stay Ahead – Explore Now!
RBI Restores Registration Of Two NBFCs While Cancelling Smartlink Holdings’ NBFC License
Advertisement
Advertisement