Shriram Properties Limited has completed the 100 percent acquisition of Shrivision Upscale Spaces Private Limited, a Bengaluru and Chennai focused real estate development entity, making it a wholly owned subsidiary. The all-cash transaction, executed at par value, is positioned as a strategic business move to support future property development opportunities.
Shriram Properties Limited has announced the acquisition of 100 percent equity shares of Shrivision Upscale Spaces Private Limited, converting it into a wholly owned subsidiary effective February 9, 2026. This strategic transaction is aligned with Shriram Properties’ growth plans in real estate development and construction, targeting scalable property development platforms.
Key Deal Highlights
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Acquisition of 100 percent equity shares of Shrivision Upscale Spaces Private Limited by Shriram Properties Limited, under Regulation 30 of SEBI Listing Regulations.
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Upscale Spaces operates in real estate development and construction with a paid-up share capital of ₹1,00,000 and nil turnover as of March 31, 2025.
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Transaction structured as a cash consideration at ₹10 per share (at par), with no related party element involved.
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Acquisition completed on February 9, 2026, with Upscale Spaces becoming a wholly owned subsidiary of Shriram Properties.
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Upscale Spaces, incorporated on December 13, 2022 under the Companies Act 2013, is engaged in property development and has reported nil turnover over the past three financial years.
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No additional governmental or regulatory approvals were required for closing this transaction, as disclosed in Annexure I.
Strategic Rationale And Business Impact
The company has categorised this as a strategic acquisition undertaken for business reasons, aimed at supporting its core real estate development business.
Integrating Upscale Spaces is expected to enhance Shriram Properties’ pipeline of development opportunities and provide a more flexible platform for future projects.
Sources: Company Disclosure to the Stock Exchanges