Brigade Enterprises incorporates Tetrarch Developers as new subsidiary

The company acquires 10 lakh equity shares of Tetrarch Developers at Rs10 each for Rs1cr to undertake a Real Estate development business.

Sep 23, 2021 11:09 IST India Infoline News Service

Brigade Enterprise
Brigade Enterprises Limited has incorporated Tetrarch Developers Limited as its wholly-owned subsidiary to undertake a Real Estate development business. The company acquires 10 lakh equity shares of Tetrarch Developers at Rs10 each for Rs1cr.

Tetrarch Developers is a public limited company incorporated and registered with the Registrar of companies in Bengaluru, Karnataka, Ministry of Corporate Affairs on September 21, 2021. The company is yet to commence its operations.

At around 11.22 am, Brigade Enterprises Ltd was trading at Rs412.65 per piece up by Rs7.1 or 1.75% from its previous closing of Rs405.55 per piece on the BSE.

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