Signatureglobal (India) (SIGNATURE) M&A announcement summary

Deal rationale and strategic fit

• Strategic 50:50 joint venture with RMZ to develop a Grade A commercial platform in Gurugram, leveraging complementary strengths in land acquisition, approvals, design, development, and leasing.

• Marks a major entry into large-scale commercial real estate, diversifying the development portfolio and expanding beyond residential.

• Targets the fast-growing Delhi NCR market, specifically the Southern Peripheral Road corridor, a key commercial hub.

• Aims to capitalize on robust demand for office, retail, and hospitality in a prime business corridor.

Financial terms and conditions

• RMZ to acquire a 50% stake in Gurugram Commercity Private Limited (GCL) for INR 1,283 crore.

• The joint venture is structured as a 50:50 partnership, with both partners holding equal stakes.

• Transaction includes both primary infusion (to clear liabilities and loans) and secondary stake sale.

• Land valued at around INR 1,000–1,200 crore for 80–90 acres; 50% stake valued at INR 1,312.8 crore.

• The total capital value of the project is projected at INR 14,000–16,000 crore upon completion.

Synergies and expected cost savings

• Combines local market expertise and execution with RMZ’s national leasing and asset management capabilities.

• Joint development of office, retail, and hotel assets, with potential to enhance retail capabilities and deliver a high-quality, future-ready commercial destination.