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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Marathon Nextgen Realty Ltd

Marathon Nextgen Realty Acquires Adani Group's 60% Stake in Monte South for ₹335 Cr

M&A ▲ Positive Development MEDIUM RISK
📅 Filed on BSE: 31 Oct 2026, 07:47 PM IST  ·  BSE ID: 607f6200-dccb-4701-b9f8-166e9d3a9fc0
View Original BSE Filing (PDF)
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In Simple Terms
Marathon Nextgen Realty bought Adani Group's 60% share in the Monte South project for ₹335 crore, taking full ownership.
🤖 AI Summary
  • Marathon Nextgen Realty's Board approved acquiring Adani Group's 60% stake in Monte South for approximately ₹335 crore.
  • The acquisition increases Marathon Nextgen Realty's stake in the Monte South development from 40% to 100%.
  • Monte South is a mixed-use development in Byculla, Mumbai, comprising approximately 25 lakh sq. ft. of area.
  • The project includes four 64-storey residential towers (A, B, C, D) and a commercial tower, with varying completion stages.
  • This transaction provides Marathon Nextgen Realty sole ownership and control of the landmark Byculla development.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Acquisition Value
₹335 crore
Acquired Stake
60%
Total Project Area
25 lakh sq. ft.
🏢 How This Affects the Company
📈
Business Impact
Marathon Nextgen Realty gains full ownership and control of the Monte South development, strengthening its development pipeline and market position in Byculla, Mumbai. The project includes significant residential sales and development potential, alongside future commercial monetization.
💰
Financial Impact
The acquisition involves a consideration of approximately ₹335 crore, impacting the company's cash outflow and balance sheet. Full ownership of Monte South's sales and development potential will contribute entirely to Marathon Nextgen Realty's future revenues and profitability.
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Operational Impact
Marathon Nextgen Realty will assume sole operational responsibility for the entire Monte South project. This includes managing ongoing construction of Tower C (35th floor complete) and Tower D (yet to be launched), along with sales and marketing for all components.
⚠️
Risk Impact
The acquisition consolidates project-specific risks and rewards entirely with Marathon Nextgen Realty, removing Adani Group as a partner. Execution risk for the unlaunched and under-construction towers (C and D) will now be solely borne by Marathon.
👥 What This Means For Shareholders
✅
Action Required
No action required from shareholders based on this filing.
👤
Who Is Affected
Shareholders will be affected by the company's financial and operational results as Marathon Nextgen Realty now fully owns and controls the Monte South project.
🔍
Management Signal
This decision signals management's intent to consolidate control over key assets and expand the company's development portfolio through strategic acquisitions.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Completion status of Monte South Tower C and D development.
Financial results post-acquisition — check impact of consolidated Monte South operations.
Any further announcements regarding funding for project completion or sales progress.
MEDIUM RISK Significant cash outflow for acquisition and ongoing development requirements for unlaunched towers present execution and financial risks.
💡 Investor Takeaway
Marathon Nextgen Realty's Board approved acquiring Adani Group's 60% stake in Monte South for approximately ₹335 crore, increasing its ownership to 100%. This provides sole control over the 25 lakh sq. ft. mixed-use development in Byculla, Mumbai.
⚖️ Strengths & Concerns

✅ Positives

  • Marathon Nextgen Realty gains 100% ownership of Monte South, strengthening its development pipeline with 25 lakh sq. ft. area.
  • The acquisition includes completed Tower A and partially completed Tower B (up to 45th floor), providing near-term revenue potential.

⚠️ Concerns

  • The acquisition involves a significant cash outflow of approximately ₹335 crore, impacting company liquidity.
  • Towers C (35th floor complete) and D (yet to be launched) represent ongoing construction and future development, requiring further investment and managing execution risks.
📅 Company Track Record
Marathon Nextgen Realty previously announced acquiring 51% controlling stakes in three entities (April 2026), unlocking ₹840 Crores GDV. Also acquired three real estate entities for Rs. 70 Crores (March 2026), with Rs. 245 Crores+ projected GDV. BSE and NSE granted regulatory nod to a seven-entity amalgamation scheme in March 2026.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What stake did Marathon Nextgen Realty acquire in Monte South?
Marathon Nextgen Realty acquired Adani Group's 60% stake in the Monte South development.
What is the acquisition cost for the 60% stake in Monte South?
The acquisition of Adani Group's 60% stake in Monte South is for a consideration of approximately ₹335 crore.
What is Marathon Nextgen Realty's total ownership in Monte South after this transaction?
Upon completion of this transaction, Marathon Nextgen Realty's stake in Monte South will increase from 40% to 100%, giving it sole ownership.
What is the total area of the Monte South project?
The Monte South project is a mixed-use development representing approximately 25 lakh sq. ft. of area.
What is the current status of the residential towers in Monte South?
Tower A has received full Occupation Certificate (OC), Tower B has received OC up to the 45th floor, Tower C's RCC structure is complete up to the 35th floor, and Tower D is yet to be launched.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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