Marathon Nextgen Realty Acquires 90% Stake in Sunset Spaces
Filing Summary
Marathon Nextgen Realty Ltd has announced the acquisition of a 90% shareholding in Sunset Spaces Private Limited (SSPL) for a total consideration of Rs. 8.10 Crores. The acquisition, approved by the Board of Directors on February 13, 2026, is a related party transaction involving Mr. Parmeet Shah, a member of the Promoters group. The transaction is conducted on an arm’s length basis. The acquisition is expected to be completed within one month, subject to requisite approvals. This move aligns with Marathon’s strategy to enhance its real estate portfolio through vertical expansion.
Marathon Nextgen Realty Ltd has approved the acquisition of a 90% shareholding in Sunset Spaces Private Limited (SSPL). The decision was made during the Board of Directors meeting held on February 13, 2026. This acquisition is part of the company’s ongoing efforts to expand its presence in the real estate sector.
The acquisition involves a total consideration of Rs. 8.10 Crores, with each share priced at Rs. 900. This includes a premium of Rs. 890 per share over the face value of Rs. 10. The transaction is classified as a related party transaction, as Mr. Parmeet Shah, a member of the Promoters group, is a Director in SSPL and holds the entire shareholding directly and indirectly through his relatives. The acquisition is conducted on an arm’s length basis, with the value determined by an Independent Registered Valuer.
SSPL operates in the real estate industry, focusing on construction and related activities. The acquisition is intended to create synergistic linkages between Marathon Nextgen Realty and SSPL, as both entities operate within the same business domain. This strategic move is aimed at enabling Marathon to benefit from vertical expansion and business integration, thereby strengthening its real estate portfolio.
SSPL was incorporated on May 31, 2018, under the Companies Act, 2013. Despite having ongoing projects in the Mumbai Metropolitan Region (MMR), SSPL reported no turnover for the financial years 2022-23, 2023-24, and 2024-25. The acquisition does not require any governmental or regulatory approvals, facilitating a smoother transaction process.
The acquisition is expected to be completed within one month from the time of obtaining requisite approvals. The transaction involves cash consideration, and the company has outlined the timeline for the completion of the acquisition process.
Marathon Nextgen Realty Ltd is a prominent player in the real estate sector, focusing on developing residential and commercial properties. The company is committed to expanding its portfolio through strategic acquisitions and investments, enhancing its market position and delivering value to its stakeholders.