Kiran Vyapar Ltd., an RBI-registered NBFC, has agreed to acquire a 5% stake in Altstar Capital Management Private Limited for up to ₹7.03 crore, marking a strategic expansion into real estate services. The deal, not requiring regulatory approvals, is set to enhance Kiran Vyapar’s investment and financial services portfolio.
Kiran Vyapar Ltd. has announced its agreement to acquire 5% of the paid-up share capital in Altstar Capital Management Private Limited (ACMPL), a Mumbai-based private limited company specializing in real estate services. The total consideration for the acquisition will not exceed ₹7.03 crore, payable in cash, and the transaction is expected to close after customary conditions specified in the investment agreement are met.
ACMPL, incorporated in November 2022, has a paid-up share capital of ₹53.52 lakh and reported a turnover of ₹15.99 lakh and a net loss of ₹71.84 lakh for FY 2024-25, with a net worth of ₹2.66 crore. The acquisition is not classified as a related party transaction, and Kiran Vyapar’s promoters or group companies have no interest in ACMPL. This strategic move is intended to help Kiran Vyapar expand its footprint in investment and financial services, especially in the real estate sector.
Notable Updates:
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Kiran Vyapar Ltd. to acquire 5% stake in Altstar Capital Management Private Limited.
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Total consideration: up to ₹7.03 crore, paid in cash.
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No regulatory or governmental approvals required for the transaction.
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The deal is not a related party transaction; no promoter interest in Altstar Capital.
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ACMPL is a real estate services company with a paid-up capital of ₹53.52 lakh and a turnover of ₹15.99 lakh for FY 2024-25.
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The acquisition is expected to strengthen Kiran Vyapar’s investment and financial services activities.
Source : Business Standard, BSE Corporate Announcement, Altstar Capital official website