Man Infraconstruction Expands Real Estate Portfolio with 50.5% Acquisition in MICL Shreepati August LLP
By Shishta Dutta | Published at: Jun 20, 2025 03:29 PM IST
Mumbai, June 20 – Man Infraconstruction Limited (NSE: MANINFRA, BSE: 533169) has announced the incorporation of a new subsidiary, MICL Shreepati August LLP, on June 19, 2025, to engage in real estate development and related business activities.
According to a regulatory filing, the company has put in ₹50,500, which is 50.5% of the new entity’s total capital contribution of ₹1 lakh. This move fits with Man Infraconstruction’s long-term goal of growing its presence in the real estate market.
Key Transaction Details
| Particulars | Details |
|---|---|
| Entity Name | MICL Shreepati August LLP |
| Incorporation Date | June 19, 2025 |
| Capital Contribution | ₹1,00,000 |
| MICL’s Share | ₹50,500 (50.50% partnership interest) |
| Turnover | NIL (Operations yet to begin) |
| Consideration | Cash |
| Regulatory Clause | Regulation 30 of SEBI (LODR) Regulations, 2015 |
Purpose and Strategic Alignment
The filing says that the subsidiary was set up to do real estate and associated work, which is in keeping with MICL’s main business emphasis. MICL will own 50.5% of the new LLP, which will be run together. There were no linked party transactions involved in the migration, and the incorporation didn’t need any governmental permits.
Official Statement
The company emphasised that the LLP is “yet to commence business operations” and the formation aligns with its goal to scale its real estate ventures. No previous turnover history was disclosed as the entity is newly formed.
About Man Infraconstruction Limited
Man Infraconstruction Limited is a listed real estate and infrastructure company headquartered in Mumbai. The company operates in construction and development across commercial, residential, and port sectors. Its equity shares are actively traded on NSE and BSE as MANINFRA.
REF: https://nsearchives.nseindia.com/corporate/vishaladhav_20062025094237_MICL.pdf
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