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Hubtown acquires 51% stake in E Commerce Magnum Solution

Hubtown has acquired 1,27,499 equity shares of the face value of Rs 10 per share, in the share capital of E Commerce Magnum Solution (E Commerce), constituting 51% of the paid-up share capital of E Commerce on September 17, 2018. With the said acquisition, E Commerce became a subsidiary of the company.

Hubtown engaged in the development, sale, and lease of commercial, residential, retail, and industrial properties. The company’s project portfolio primarily comprises residential projects, commercial projects, special economic zones, SRAs, IT parks, biotech parks, robotic car parks, retail parks, and textile parks.

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