Newtime Infrastructure Limited (BSE:531959) has signed Share Purchase Agreement to acquire 97.5% stake in Aerthaa Luxury Homes Private Limited for INR 2 million on February 13, 2024. Total amount of INR 2 million to be paid on acquisition of 2,00,000 Equity shares of Aerthaa. Aerthaa Luxury Homes Private Limited will become subsidiary of Newtime Infrastructure Limited. In FY2022-23 the turnover of Aerthaa Luxury Homes Private Limited is INR 11.8 million. The completion of the acquisition; Within 90 days from the Agreement date.

Newtime Infrastructure Limited (BSE:531959) completed the acquisition of 97.5% stake in Aerthaa Luxury Homes Private Limited on February 16, 2024.