Shares of Man Infraconstruction climbed 1.5% during Tuesday’s trading session following the announcement of its acquisition of an additional 23% partnership interest in its subsidiary, Starcrete LLP, at a price of ₹23,75,000. This acquisition, finalised on September 1, 2025, elevates Man Infraconstruction overall ownership in the LLP to 98%. The deal is categorised as a related-party transaction since Starcrete LLP is an existing subsidiary, although the company’s promoters have no personal stake in the entity.
“The transaction falls within the purview of related party transactions pursuant to provisions of the SEBI Listing Regulations as Starcrete LLP is the subsidiary of Company. The promoter and promoter group have no interest in the above entity, except Mr. Manan Shah, Managing Director of the Company is representing the Company as Designated Partner in the LLP,” said the firm in the exchange.
