Anant Raj Ltd Buys Remaining 25% of RPPL for ₹3.58 Crore

REAL-ESTATE
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AuthorRiya Kapoor|Published at:
Anant Raj Ltd Buys Remaining 25% of RPPL for ₹3.58 Crore
Overview

Anant Raj Limited's Finance and Investment Committee approved buying the remaining 25% stake in subsidiary Romano Projects Private Limited (RPPL) for ₹3.58 crore. The move will make RPPL a wholly-owned subsidiary, enhancing control and operational synergies. RPPL holds Gurugram land but reported zero turnover for the past three fiscal years.

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Anant Raj Buys Remaining RPPL Stake for ₹3.58 Crore

Anant Raj Limited will spend ₹3.58 crore to acquire the remaining 25% stake in its subsidiary, Romano Projects Private Limited (RPPL), making it a wholly-owned entity. RPPL holds land in Gurugram but has reported NIL turnover for the last three financial years.

Acquisition Details

Anant Raj Limited's Finance and Investment Committee has approved buying the remaining 25% equity shares of its subsidiary, Romano Projects Private Limited (RPPL).

The transaction totals ₹3.58 crore.

This acquisition will make RPPL a wholly-owned subsidiary, strengthening Anant Raj Limited's control.

RPPL owns land in Gurugram and has reported NIL turnover for fiscal years 2022-23, 2023-24, and 2024-25.

Why This Matters

Full ownership of RPPL gives Anant Raj Limited complete control over its Gurugram land assets. This is expected to unlock operational synergies, streamline decision-making, and improve oversight for future development.

Company Background

Anant Raj Limited is an Indian real estate company focused on developing residential, commercial, and hospitality projects, with a strong presence in the NCR.

Before this deal, Anant Raj held a 75% stake in Romano Projects Private Limited, formed in July 2007.

What Changes Now

  • Anant Raj Ltd now has 100% ownership and control of RPPL and its land assets.
  • The deal is expected to streamline operations and open potential development opportunities.
  • RPPL's financials will now be fully consolidated into Anant Raj Limited's accounts.

Risks to Watch

Romano Projects Private Limited has consistently reported NIL turnover for the past three fiscal years (FY2022-23, 2023-24, and 2024-25), showing no revenue from its operations. This indicates the subsidiary's operations remain dormant despite holding land.

Peer Comparison

  • DLF Limited: A major player with extensive land banks in Gurugram, actively developing residential and commercial projects.
  • Godrej Properties Limited: Has strategically acquired land in Gurugram and other metro cities for development.

These competitors highlight the competitive NCR market for land acquisition and development.

What to Track Next

  • The immediate completion of the acquisition.
  • Any future development plans for RPPL's Gurugram land.
  • Anant Raj Limited's strategy for consolidating and monetizing its land bank.

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