Business

Maximum Venture Share Price: Max Ventures buys Area Builders for Rs 292; stock magnified 5%

Shares of Max Ventures Industries jumped nearly 5% in Wednesday’s trading after the company announced its acquisition of Acreage Builders for Rs 291.5 crore.

The company made a share purchase agreement on September 6 to acquire 100% of the shares of real estate players.

After the update, at 12:47 pm, the script traded 3.45% higher at Rs 131.80 from the previous day’s close of Rs 127.40 per piece. Shares are up 196% over the past three months and up nearly 45% in the past year.

“This acquisition marks our entry into Gurugram, a key market for Commercial Real Estate (CRE) in both Delhi-NCR and India,” said Sahil Vachani, MD & CEO of MaxVIL.

“The transaction will further diversify the geographical footprint of our CRE Portfolio and support our aspirations to become a leading player in Delhi-NCR,” added Vachani.

As we scale, our focus will be on strengthening our organization’s capacity and ability to drive seamless execution across both residential and commercial opportunities, while unlocking multiple value. times for all of our stakeholders, says Vacani.

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