12 months ago
Arkade Developers to Acquire Woollen and Textile Industries
Arkade Developers, a real estate company, is buying Woollen and Textile Industries Ltd.
The deal is worth ₹148 crore and includes land in Bhandup West, Mumbai.
They are doing this to build more buildings and expand their business in strategic areas.
Arkade already has other projects in the area, such as Arkade Earth, Arkade Nest, and Arkade Rare.
Recently, they also acquired 'Filmistan Pvt Ltd' for another development project.
Arkade Developers signed an MoU to acquire Woollen and Textile Industries Ltd.
The acquisition includes a land parcel in Bhandup West, Mumbai.
The total consideration for the deal is ₹148 crore.
This is Arkade Developers' second acquisition in Bhandup West.
Arkade Developers aims to create value-driven developments.
- Who
- Arkade Developers
- What
- Signed an MoU to acquire Woollen and Textile Industries Ltd.
- Where
- Bhandup West, Mumbai
- When
- Not explicitly mentioned
- Why
- To create value-driven developments at strategic locations
Key facts
- Company
- Arkade Developers Limited
- Deal Value
- ₹148 crore
- Target
- Woollen and Textile Industries Ltd
- Land Location
- Bhandup West, Mumbai
- Land Size
- 14,363.60 sq. mtrs
- Recent Acquisition
- Filmistan Pvt Ltd
- Existing Projects
- Arkade Earth, Arkade Nest, Arkade Rare
Quotes
Amit Jain
CMD of Arkade Developers
“This proposed acquisition underlines Arkade Developers’ vision of creating value-driven developments at strategic locations.”
freepressjournal.in
“With our legacy of trust, timely delivery, and quality construction, we look forward to unlocking the potential of this land parcel and contributing meaningfully to urban transformation.”
freepressjournal.in
