Mumbai, March 31 -- Radius Estates is engaged in the business of real estate development. It had recorded a turnover of Rs 157.55 crore in FY 2024-25.

Valor Estate stated that this acquisition is in line with the company's real estate business and is intended to consolidate ownership and control over Radius Estates and its underlying project interests.

The acquisition is proposed to be completed upon fulfilment of conditions precedent and completion conditions set out in the transaction documents.

The indicative outer timeline is up to December 2027, subject to the release of pledged shares and the completion of agreed milestones.

"Upon completion, Radius Estates will become a wholly owned subsidiary of MIG and an indirect wholly owne...