Brigade Enterprises Transitions Zoiros Projects to Joint Venture, Launches ‘Earth Fund’

An update from Brigade Enterprises Limited ( (IN:BRIGADE) ) is now available.

Brigade Enterprises Limited has announced a significant change in its investment structure with Zoiros Projects Private Limited (ZPPL), which has allotted equity shares to both Brigade and Gruhas Proptech LLP. This move results in ZPPL transitioning from a subsidiary to a joint venture, with both companies holding equal shares. ZPPL has established the ‘Earth Fund,’ a category II Alternative Investment Fund aimed at investing in tech startups within the real estate and sustainability sectors. This strategic shift is expected to enhance Brigade’s positioning in the tech-driven real estate market, potentially impacting its growth and innovation capabilities.

More about Brigade Enterprises Limited

Brigade Enterprises Limited operates in the real estate industry, focusing on property development, construction, and related services. The company is known for its residential, commercial, and hospitality projects, primarily targeting the Indian market.

YTD Price Performance: -24.27%

Average Trading Volume: 8,714

Current Market Cap: 232.5B INR

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