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, execution, and leasing.

• Marks expansion from residential to large-scale commercial real estate, diversifying the development portfolio and targeting the fast-growing Delhi NCR and Southern Peripheral Road corridors.

• Aims to capitalize on robust commercial real estate growth in India, especially in Gurugram, a key office market.

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 and approvals valued at INR 1,312.8 crore for the 50% stake.

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

Synergies and expected cost savings

• Combines RMZ’s execution, construction, and leasing expertise with the partner’s deep NCR market knowledge.

• Joint capabilities expected to enhance retail and hotel development, leveraging RMZ’s growing retail experience.

• Aims to deliver a high-quality, future-ready commercial destination for occupiers and investors.