Brigade Enterprises Acquires 100% Stake in Celebrations Private Limited for ₹30 Lakh

Subsidiary Consolidation

On August 19, 2026, Brigade Enterprises acquired 100% stake in Celebrations Private Limited, making it a wholly owned subsidiary. The acquisition, disclosed under SEBI Regulation 30 (Listing Obligations and Disclosure Requirements), represents a structural consolidation within the Brigade group.

Background and Ownership Chain

Celebrations Private Limited was previously a step-down subsidiary of the Company, with Brigade Hospitality Services—a wholly owned subsidiary of Brigade Enterprises—holding 100% of the equity shares of Celebrations before this acquisition. The company is registered at 29th & 30th Floor, WTC, Brigade Gateway Campus, 26/1, Dr. Rajkumar Road, Malleswaram-Rajajinagar, Bangalore, placing it within Brigade's headquarters.

Purpose and Acquisition Value

The acquisition was made with the object to undertake Real Estate development projects in the company, with an acquisition cost of ₹30 lakh. Celebrations Private Limited is a real estate development firm with nil turnover since incorporation, indicating it was established as a dormant vehicle awaiting deployment.

About Brigade Enterprises

Brigade Enterprises Ltd was established in 1986 and is a real estate developer in South India, based in Bengaluru, and expanding its area of operations in other parts of India. The company has completed over 250 buildings aggregating to over 70 mn. sqft of developed space in residential, offices, retail, and hospitality sectors across Bengaluru and Mysuru, Chennai, Ahmedabad, Hyderabad, Kochi. The company's operating segments include Real Estate, Hospitality, and Leasing, with the Real Estate segment specializing in the development of residential and commercial projects, and a portfolio that includes villas, penthouses, premium residences, luxury apartments, value homes, urban studios, independent living for seniors, mixed-use lifestyle enclaves, and townships.