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2025-09-08 11:23:36 am | Source: Accord Fintech
Max Estates gains on getting nod to acquire BBPL
Max Estates gains on getting nod to acquire BBPL

Max Estates is currently trading at Rs. 438.10, up by 5.05 points or 1.17% from its previous closing of Rs. 433.05 on the BSE.

The scrip opened at Rs. 438.05 and has touched a high and low of Rs. 458.00 and Rs. 438.05 respectively. So far 16534 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 724.45 on 18-Dec-2024 and a 52 week low of Rs. 320.00 on 07-Apr-2025.

Last one week high and low of the scrip stood at Rs. 470.00 and Rs. 430.50 respectively. The current market cap of the company is Rs. 7055.44 crore.

The promoters holding in the company stood at 45.24%, while Institutions and Non-Institutions held 33.38% and 21.37% respectively.

Max Estates has received approval for the execution of securities purchase agreement for the acquisition of Base Buildwell (BBPL), a project SPV holding license and development rights over 7.25 acre land parcel located in Gurugram. The acquisition aligns with the company’s premium residential strategy in Delhi NCR.

The acquisition will result in BBPL becoming a wholly-owned subsidiary of the company upon completion of the transaction, subject to regulatory approvals and closing conditions. The Board of Directors of the company in their meeting held on September 05, 2025, considered and approved the same.

Max Estates is mainly engaged in the business of Construction of Buildings carried out on own account basis or on a fee or contract basis i.e. real estate development and letting, sub-letting, leasing, selling and distribution of residential or commercial complex, house, building etc. It is the real estate arm of the Max Group.

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