Max Ventures and Industries’ wholly owned subsidiary -- Max Estates has executed Share Purchase Agreement(s) on September 6, 2022 for acquisition of the 100% equity share capital of Acreage Builders in one or more tranches. Post-acquisition, Acreage Builders will become a wholly owned subsidiary of Max Estates.
The reason to acquire Acreage Builders is to use its asset i.e. a 6.24 acre land with a license to develop commercial project over an area measuring 7.15 acres, located at Golf Course Extension Road, Gurugram. The potential leasable area of the commercial project is around 1.6 million sq. ft.
Max Ventures and Industries, a part of Max Group, operates primarily in the areas of manufacturing and real estate.
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