Metro brand promoters bought five luxury apartments in Lower Peral, Mumbai, know the price

Metro Brand Limited: The promoters of Metro Brand Limited have bought five luxury apartments in Lower Parel space of ​​Mumbai. All these apartments have been bought in Palace Royal. IndexTap.com stated on the foundation of essential paperwork acquired, this deal has been achieved for Rs 405 crore.

Two flats bought on 20 December 2024

In a report printed earlier in Business Standard, it was advised that earlier Zia Malik and Alisha Rafiq Malik had bought apartments value Rs 81-81 crore in Palace Royal. This deal was achieved on December 20, 2024. These embrace flat quantity 61 of South-East and flat quantity 61 of North East. Both the apartments are 7,687 sq. ft and seven,672 sq. ft respectively. Their costs per sq. ft are Rs 1,05,366 and Rs 1,05,579. These two properties additionally embrace five automobile parking.

The price of every flat is Rs 81 crore.

After this, on December 23, 2024, Farah Rafiq Bhajani bought a flat of seven,687 sq. ft in South West with five parking allotments. Its price per sq. foot is Rs 1,05,366. Then on December 24, Shabina Malik Hadi bought a flat of seven,672 sq. ft together with five parking heaps in North West at the fee of Rs 1,05,579 per sq. foot. All these flats had been bought for Rs 81-81 crore. Stamp responsibility of Rs 4.05 crore was additionally included in the buy of every flat.

Promoters offered shares for Rs 749 crore

In September 2024, five promoters of Metro Brands Limited offered 2.19 p.c stake in the firm for Rs 749 crore via a block deal. According to bulk deal knowledge on NSE, promoters Farah Malik Bhanji, Alisha Rafiq Malik, Zia Malik Lalji, Zarah Rafiq Malik and Sabina Malik Hadi offered 11.9 lakh shares at Rs 1,260 per share. As of June, Farah Malik Bhanji held 1.88 p.c, whereas Alisha Rafiq Malik held 3.34 p.c. Zia Malik Lalji, Zarah Rafiq Malik and Sabina Malik Hadi every held 1.46 p.c stake.

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