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Max Estates Limited plans to acquire 100% ownership of nine land-owning companies in the Delhi-NCR region to expand its real estate development platform, with a potential for approximately 4-6 million square feet of development. The acquisition, valued at Rs 4.95 crore per acre of land, will be executed through a share swap, with Max Estates issuing 70,33,162 equity shares at Rs 597.50 each, totaling roughly Rs 4,202.31 crore. The sellers, including Non-Executive Chairman & Promoter Analjit Singh, Vice-Chairman & Managing Director Sahil Vachani, and related entities, are currently shareholders in the land-owning companies. The transaction, considered to be in the ordinary course of business and at arm’s length, is expected to be completed during FY27, pending shareholder approval at an Extraordinary General Meeting on September 24, 2026, and other regulatory approvals. Independent valuation reports from KPMG, Motilal Oswal, Cushman & Wakefield, and iVAS Partners support the deal.

Max Estates is expanding its real estate portfolio through an acquisition involving multiple sellers, financed in part by a preferential allotment of up to 70,33,162 fully paid-up equity shares at Rs 597.50 per share, totaling approximately Rs 4,20,23,14,295. Investors participating in the share offering include Max Ventures Investment Holdings Private Limited, which will increase its stake from 21.89% to 24.42%, Terra Planet Estates Private Limited, and several individual investors such as Bharat Sahgal and Analjit Singh. The pre-issue shareholding data is as of August 28, 2026, and the number of shares issued may be less than the maximum offered. Shareholders with fractional share entitlements have waived their rights, and post-issue percentages are calculated on a fully diluted basis.

Max Estates is acquiring land assets through a share swap funded by a preferential issue of up to 70,33,162 fully paid-up equity shares at Rs 597.50 per share, totaling approximately Rs 4,20,23,14,295. Investors participating in the issue include Max Ventures Investment Holdings Private Limited, Terra Planet Estates Private Limited, and several individual investors such as Mr. Ashok Seth and Mrs. Anita M. Gupta. Following the issue, Max Ventures Investment Holdings will see its shareholding increase from 21.89% to 24.42%, calculated on a fully diluted basis. Shareholders entitled to fractional shares have voluntarily waived their rights to those portions. The acquisition utilizes a share swap structure, exchanging equity for the land assets.

Max Estates is expanding its real estate portfolio through an acquisition involving multiple sellers, structured with a combination of cash and a preferential issue of shares. The company plans to issue up to 70,33,162 new equity shares at Rs 597.50 per share, totaling approximately Rs 4,20,23,14,295. Investors participating in the share swap include Max Ventures Investment Holdings Private Limited, Terra Planet Estates Private Limited, and several trusts and individuals such as Mr. Bharat Sahgal and Mr. Analjit Singh. Following the issue, Max Ventures Investment Holdings Private Limited will increase its shareholding from 21.89% to 24.42%, calculated on a fully diluted basis, and the transaction complies with Securities and Exchange Board of India (SEBI) regulations.

Max Estates Limited will seek shareholder approval for a preferential issue of equity shares at a meeting of its Board of Directors scheduled for Friday, August 28, 2026, according to a regulatory filing with the BSE Limited and the National Stock Exchange of India Limited. The trading window for designated persons, including promoters, directors, and key managerial personnel, will remain closed until Sunday, August 31, 2026.