Suraj Estate Developers Ltd has acquired 100% stake in Hally Pacific Private Limited for Rs 30.40 crore. The acquisition, structured as an all-cash deal, will make Hally Pacific a wholly owned subsidiary and enable Suraj Estate to develop prime land in Prabhadevi, Mumbai.
Suraj Estate Developers Ltd has announced a strategic acquisition of Hally Pacific Private Limited, investing Rs 304 million in its paid-up share capital. The move aligns with Suraj Estate’s expansion plans in Mumbai’s real estate market, particularly targeting a valuable plot at Sayani Road, Prabhadevi.
Key Highlights
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The acquisition was finalized through a Share Purchase Agreement on February 20, 2026
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Suraj Estate acquired 5,000 shares at Rs 60,800 per share, representing 100% ownership
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Hally Pacific, incorporated in 1992, operates in the furniture refurbishment industry but owns a 717.39 sq. meter land parcel in Prabhadevi
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Suraj Estate intends to redevelop this land for real estate projects, strengthening its presence in South Mumbai
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The acquisition is expected to be completed within 30 days, with no regulatory approvals required
This acquisition underscores Suraj Estate’s strategy of leveraging land assets held by smaller entities to expand its development portfolio in prime Mumbai locations.
Source: National Stock Exchange of India Limited, BSE Limited