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Corporate News

Marathon Nextgen Realty to acquire 60% stake in Swayam Realtors for Rs 335 crore
31-Oct-2026, 04:21

Marathon Nextgen Realty Limited announced that its board approved the acquisition of an additional 60% stake in Swayam Realtors and Traders LLP (SRTL), a joint venture, for up to Rs 135 crore in cash plus a Rs 200 crore bank guarantee, totaling Rs 335 crore. The acquisition will increase Marathon Nextgen Realty’s economic interest in SRTL, which is engaged in construction and real estate activities with ongoing projects in the Mumbai Metropolitan Region and reported revenue of Rs 374.46 crore in fiscal year 2025-26.