Accedere Limited Acquires Commercial Property in Mumbai for Office Space Expansion

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Accedere Limited Acquires Commercial Property in Mumbai for Office Space Expansion

Team Finance Saathi

23/Dec/2024

What's Covered Under the Article:

Accedere Limited acquires a commercial property in Mumbai for office expansion.
The property is purchased from Mrs. Jugnu and Mrs. Shobhana Shah for Rs. 2.5 Crores.
The transaction is disclosed under SEBI regulations, marking a significant business expansion.

Accedere Limited has announced the purchase of a commercial property located in Mumbai to facilitate the expansion of its office space. In a recent filing to the BSE Limited on December 23, 2024, the company disclosed that its Board of Directors had approved the acquisition of the property from Mrs. Jugnu Nirav Shah and Mrs. Shobhana Vinod Shah.

The details of the purchase, executed as per the approval of the Board, are as follows:

Property Address: 119, Andheri Industrial Estate, Off Veera Desai Road, Andheri West, Mumbai – 400053, Maharashtra.
Property Details: The unit purchased is Unit 119, with an area of 730 sq ft (built-up) on the 1st floor of the Andheri Industrial Estate, located within the revenue village of Ambivali and the Mumbai Suburban registration district.
Sale Value: The total value of the transaction is Rs. 2.5 Crores.

This acquisition is part of Accedere Limited's strategy to expand its business operations and provide a dedicated office space to meet the growing needs of the company. Importantly, neither of the parties involved in the transaction holds any shareholding in the other entity, and there is no relation to the promoter group or affiliated companies. The deal does not impact the management or control of the company.

Accedere Limited continues to strengthen its position and operations in the Mumbai market, contributing to its overall growth and development. This property acquisition aligns with its long-term objectives of providing stable and expanding office infrastructure for its team.

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Accedere Limited Acquires Commercial Property in Mumbai for Office Space Expansion

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