Ganesh Housing Corporation Limited (BSE:526367) agreed to acquire remaining 28.91% stake in Gatil Properties Private Limited from Monsoon India Infrastructure Direct II Limited on March 23, 2023. Ganesh Housing will acquire 28.91% stake in Gatil Properties for INR 796 per share in cash. Ganesh Housing has already acquired 6.91% shares in Gatil Properties from Monsoon.

Following the transaction, Gatil Properties will become Wholly Owned Ganesh Housing. Gatil Properties has turnover of INR 31.18 million for FY 2021-2022. The transaction is expected to close by April 2023.