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Shriram Properties acquires three companies

1,000 equity shares of Shriram Living Spaces, Shriram Upscale Spaces and Shrivision Elevation have been acquired of Rs 10 each, the company said in the regulatory filing.

Shriram Properties has acquired 100% equity shareholding in three companies thereby they have become wholly-owned subsidiary, it said in the BSE filing.

1,000 equity shares of Shriram Living Spaces, Shriram Upscale Spaces and Shrivision Elevation have been acquired of Rs 10 each, the company said in the regulatory filing.

The new subsidiary companies will be utilised to launch new projects or to have new joint development agreement.

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