Kiran Vyapar to acquire 5% stake in Altstar Capital for ₹7 crore

Kiran Vyapar Limited has announced its agreement to acquire a 5% stake in Altstar Capital Management Private Limited (ACMPL), an Indian private limited company, for a total consideration not exceeding ₹7,03,18,430. The acquisition is subject to customary conditions and is expected to be completed following an Investment Agreement dated December 5, 2025. This move is part of Kiran Vyapar's strategy to expand its investment and financial services activities, as it is registered as a Non-Banking Financial Company Systemically Important Non-Deposit taking (NBFC-NDSI).

ACMPL, incorporated on November 15, 2022, operates in Real Estate Services and has a paid-up share capital of ₹53,52,230. The acquisition is not a related party transaction, and no governmental or regulatory approvals are required.

ACMPL's financial performance for FY 2024-25 showed a turnover of ₹1,599,290, with a net worth of ₹26,640,972. The company also reported a PAT of (₹7,184,200) for the same period. The acquisition is deemed strategic for Kiran Vyapar, aiming to enhance its business activities.