Real estate developer Signature Global has received a significant investment of INR 1,293 crore from RMZ, securing a 50% stake in GCL. This deal comes after the signing of SSPA last month and was finalized this week.

Signature Global and RMZ have formed a partnership, jointly acquiring a 50% stake in Signature's subsidiary, GCL. The collaboration aims to bolster commercial growth, securing an investment of approximately INR 1,293 crores for the venture.

Signatureglobal has announced plans to purchase a ₹50 crore residential project from GCL, marking a significant expansion in their property portfolio. In addition, the company's board has agreed to transfer 3.57 million shares worth ₹56.7 crore to RMZ as part of a strategic move.