MARATHON : ACQUIRES ADANI GROUP'S 60% STAKE IN MONTE SOUTH WORTH RS 335 CR

• Board approved acquisition of Adani Group's 60% stake in Monte South for ~₹335 Cr • Stake in the Byculla, Mumbai development rises from 40% to 100%, giving sole ownership and control • Monte South is a mixed-use development with four 64-storey towers and a commercial tower, ~25 lakh sq ft • Tower A has full OC; Tower B OC up to 45th floor; Tower C RCC complete to 35th floor; Tower D yet to launch • Adani Group exiting as it focuses on substantially larger MMR developments • Adds residential sales and development potential plus future monetisation of commercial component

Marathon Nextgen Realty Ltd

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