Mumbai, September 8 (Udaipur Kiran). Shares of Max Estates Limited gained over 1% on Monday after the company announced that it has received board approval to acquire Base Buildwell (BBPL), a project SPV holding prime residential development rights in Gurugram.

The stock was trading at ₹438.10, up ₹5.05 (1.17%) from its previous close of ₹433.05 on the BSE. It opened at ₹438.05 and touched an intraday high of ₹458.00 and a low of ₹438.05, with 16,534 shares traded so far.

Max Estates, a Group ‘A’ stock with a face value of ₹10, has a 52-week high of ₹724.45 (18 December 2024) and a 52-week low of ₹320.00 (7 April 2025). The company’s market capitalisation currently stands at ₹7,055.44 crore.

Promoters hold 45.24% in the company, while institutional investors own 33.38% and non-institutional investors 21.37%.

The board, in its meeting on September 5, 2025, approved the execution of a securities purchase agreement for the acquisition of BBPL, which holds license and development rights over a 7.25-acre land parcel in Gurugram.

The acquisition is in line with Max Estates’ strategy to expand its portfolio of premium residential projects in the Delhi-NCR region. Upon completion, BBPL will become a wholly owned subsidiary of the company, subject to regulatory approvals and closing conditions.

Max Estates, the real estate arm of the Max Group, is primarily engaged in building construction, real estate development, and leasing of residential and commercial complexes.