BRE Asia Urban Holdings Ltd agreed to acquire 10% stake in Malur/Venkatapura/Kalina/Panvel/ALIPPL from Transindia Real Estate Limited (NSEI : TREL) for INR 600 million on June 2, 2023. The transaction has been approved by the Board of Directors of Transindia. Completion of the sale is subject to finalization of commercial terms, shareholders' approval and other statutory approvals/compliance, if any. The definitive transaction documents are yet to be executed. This transaction will result in significant cash proceeds and provide for growth plans of Transindia Real Estate Limited. As of February 28, 2024, agreement was to execute the securities subscription and purchase agreement and the shareholders of Transindia has approved the transaction. The transaction is expected to close on March 31, 2024.

BRE Asia Urban Holdings Ltd completed the acquisition of 10% stake in Malur/Venkatapura/Kalina/Panvel/ALIPPL from Transindia Real Estate Limited (NSEI : TREL) for approximately INR 460 million on March 1, 2024.