Anant Raj Acquires Jubilant Software For Rs 81 Cr
Anant Raj Industries Limited has acquired Jubilant Software Services Private Limited for Rs.81 Crore.
Jubilant Software is now a wholly owned subsidiary of Anant Raj Industries.
Jubilant Software owns 15.58 Acres of land in Gurgaon, Haryana which is eligible for a Group Housing Project.
Anant Raj Industries is an infrastructure and construction company. It builds and develops residential properties, commercial space, information technology (IT) parks, special economic zones (SEZs) and hotels. It is also involved in the design, manufacture, and sale of ceramic tiles under the Romano brand name.
Transaction Reference: BS
As on June 2010, Anant Raj Industries has a total land bak of 1000 acres which is exclusively located in National Capital Region (NCR) with a developable area of 66.4 mn sq.ft. It is looking to deliver over 2 million square feet (msf) of commercial and residential properties in the next 2 years.
ARIL’s revenue has been driven by land/FSI sale and rental income, where it booked revenue on net sales basis, excluding land cost.
Anant Raj, with almost zero debt on its books, is looking to take advantage of the distress-sale deals available in the market.
Earlier this year, it acquired land worth Rs200cr in the NCR for developement of its commercial and residential projects. It also bought 12 acres in Manesar and 10 acres in Sonepat for Rs 45cr and Rs 15 cr, respectively.
The company earlier had plans to raise Rs 2000cr through QIP route, but decided against as it will use cash reserves for expansion.It reported a consolidated income of Rs.339.71 crore for 2009-10 with a PAT of Rs.238.25 crore for the same period.
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KVEZAR VIEW
| Date | Transaction | Type | Buyer | Size ($mn) |
|---|---|---|---|---|
| 06/09/10 | Jubilant Software - Anant Raj | M&A | Anant Raj Industries Limited | 17.40 |
| Date | Type | Buyer | Target | Size ($mn) | State |
|---|---|---|---|---|---|
| 06/02/12 | M&A | Agni Property Services Private Limited | Looking For | - | Planned |
| 02/02/12 | M&A | Persistent Systems Limited | Location business | - | Completed |
| 31/01/12 | Private Equity | Tiger Global Management LLC | Flipkart Online Services Private Limited | 150.00 | Completed |
| 31/01/12 | M&A | Dell Inc | Looking For | 1007.05 | Planned |
Company |
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| Name | Promoters | Office | Competitor | Website |
|---|---|---|---|---|
| Anant Raj Industries Limited | Sarin Family | H-65, Connaught Circus, New Delhi 110001 |
Parsvnath Developers Limited Omaxe Limited Indiabulls Real Estate Limited DLF Limited Unitech Limited Ansal Properties And Infrastructure Limited Dev Procon Limited |
www.anantraj.com |
| Jubilant Software Services Private Limited | Anil Kumar Jain Uppal Housing Private Limited |
752 Kundewalan Street, Ajmeri Gate, Delhi-110006. India | ||
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