NITCO Ltd. to Acquire 100% Stake in Rejoice Realty, Norita Investments, Along with Strategic Stakes in Anand Shree Bombay and Reliant Properties

NITCO Ltd., a leading name in India's building materials industry, has announced a series of strategic acquisitions to bolster its real estate portfolio. The company will fully acquire Rejoice Realty and Norita Investments, along with securing a 25% stake in Anand Shree Bombay and an 80% stake in Reliant Properties.

These acquisitions mark a significant step in NITCO’s expansion strategy, enhancing its asset base and diversifying its investment portfolio. The move aligns with the company's broader vision to strengthen its presence in the real estate sector while complementing its established business in tiles, marble, and mosaics.

Founded in 1966, NITCO Ltd. has maintained its reputation for innovation and excellence in the building materials domain. With these acquisitions, the company aims to drive long-term growth and create value for its stakeholders.

Source: NITCO Ltd. Official Announcement