Transindia Real Estate Limited agreed to acquire Pcpl Industrial & Logistic Park Private Limited from Talentos Warehousing & Industrial Parks Private Limited for approximately INR 860 million.

Transindia Real Estate Limited (NSEI:TREL) agreed to acquire Pcpl Industrial & Logistic Park (Hoskote) Private Limited from Talentos Warehousing & Industrial Parks Private Limited for approximately INR 860 million on May 21, 2024. The consideration consists of approximately INR 860 million in cash, equity and debt. As part of the consideration, approximately INR 860 million was paid towards common equity.

The deal is subject to regulatory approval ,and has been approved by the board of directors of Transindia Real Estate Limited. The transaction is expected to be completed in 6 months.