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Marathon Nextgen Realty Limited ( (IN:MARATHON) ) has provided an announcement.
Marathon Nextgen Realty’s wholly owned subsidiary, Nexzone IT Infrastructures Private Limited, has acquired controlling interests in DVK Developers, Shree S S Developers and partnership firm Shree Swami Samarth Builders for a total consideration of Rs. 70 crore. The investment, which includes a 51% controlling stake in DVK for about Rs. 22.48 crore, is intended to drive vertical expansion, business growth and an enhanced customer base, with the gross development value of the underlying projects expected to exceed Rs. 245 crore over their life, strengthening the group’s development portfolio in the MMR real estate market.
More about Marathon Nextgen Realty Limited
Marathon Nextgen Realty Limited operates in India’s real estate sector, focusing on construction and development projects, particularly in the Mumbai Metropolitan Region. Through its subsidiaries, the company pursues residential and related real estate developments aimed at expanding its project pipeline and customer base in key urban markets.
Average Trading Volume: 13,752
Technical Sentiment Signal: Hold
Current Market Cap: 28.14B INR
Find detailed analytics on MARATHON stock on TipRanks’ Stock Analysis page.