Suraj Estate Developers Acquires Hally Pacific for ₹30.40 Crore to Boost Prabhadevi Redevelopment
Suraj Estate Developers has successfully acquired the complete stake in Hally Pacific Private Limited for ₹30.40 crore, converting the entity into a wholly owned subsidiary. This strategic acquisition forms part of the company's expansion strategy for its Prabhadevi redevelopment project.
The transaction involves the purchase of the entire equity stake in Hally Pacific Private Limited, with the acquisition value set at ₹30.40 crore. Following the completion of this acquisition, Hally Pacific will operate as a wholly owned subsidiary of Suraj Estate Developers.
The acquisition is strategically aligned with Suraj Estate Developers' Prabhadevi redevelopment project. By bringing Hally Pacific under its complete ownership, the company aims to strengthen its operational capabilities and project execution framework for this key development initiative. Prabhadevi, a prime location in Mumbai, offers significant potential for premium residential and commercial developments.
This acquisition represents Suraj Estate Developers' commitment to expanding its redevelopment portfolio through strategic investments. The conversion of Hally Pacific into a wholly owned subsidiary provides the company with enhanced control over project operations and decision-making processes related to the Prabhadevi development. The transaction underscores the company's focus on consolidating its presence in Mumbai's redevelopment sector, particularly in prime locations like Prabhadevi.
Suraj Estate Developers is a leading real estate developer in Mumbai, known for its high-quality residential and commercial projects. The company has a strong track record of successful redevelopments and is committed to delivering sustainable and innovative solutions in the real estate market. With this acquisition, Suraj Estate Developers aims to further solidify its position as a key player in the premium real estate sector of Mumbai.
