CIAN Agro Acquires Vyankatesh Engineers, Forms New Subsidiary
Filing Summary
CIAN Agro Industries & Infrastructure Ltd. has acquired a 100% stake in Vyankatesh Engineers & Contractors Private Limited for a cash consideration of Rs. 5 Crore. The transaction, effective November 1, 2025, makes Vyankatesh Engineers a wholly-owned subsidiary of CIAN. The acquired entity operates in the construction and infrastructure sector and reported NIL turnover for the last three financial years. CIAN stated the acquisition is for expanding its infrastructure business. The transaction was conducted at arm’s length and is expected to be completed within 30 days.
CIAN Agro Industries & Infrastructure Ltd. has acquired 100% of the equity shares in Vyankatesh Engineers & Contractors Private Limited. The transaction, effective November 1, 2025, was executed through a purchase of shares from the existing shareholders of the target entity. This results in Vyankatesh Engineers & Contractors becoming a wholly-owned subsidiary of CIAN.
The total cost of acquisition is Rs. 5 Crore. The payment was made entirely as a cash consideration. The filing confirms that this does not fall within related-party transactions and was conducted on an arm’s length basis. The company indicated a time period of 30 days for the completion of the acquisition. No specific governmental or regulatory approvals were required for this transaction.
The stated purpose for acquiring the target entity is to expand the infrastructure business of CIAN. Vyankatesh Engineers & Contractors Private Limited was incorporated under the Companies Act, 1956, on November 2, 2010. The entity is engaged in the business of construction, engineering, and project management for infrastructure and industrial works. Its services include acting as civil, architectural, electrical, and mechanical engineers, as well as turnkey contractors.
The paid-up share capital of Vyankatesh Engineers & Contractors is Rs. 5 Crore. The company’s turnover was reported as NIL for the financial year ended March 31, 2025. The filing also notes that the turnover for the last three financial years was NIL.