MNSC Realty & Developers Pvt. Ltd. entered into a Memorandum of Understanding to acquire 44.78% in Autoline Industrial Parks Ltd from Autoline Industries Limited (NSEI:AUTOIND) and Autoline Design Software Limited on April 28, 2023. MNSC Realty & Developers Pvt.

Ltd. entered into a Share Purchase Agreement to acquire 44.78% in Autoline Industrial Parks Ltd from Autoline Industries Limited (NSEI:AUTOIND) and Autoline Design Software Limited for INR 985 million on August 8, 2023. Under the terms, MNSC Realty & Developers will pay INR 951.6 million to Autoline Industries and 33.3 million to Autoline Design Software. In last year, Autoline Industrial Parks reported Net worth of INR 1.17 billion.

The transaction is expected to be completed by June 30, 2025.