PML will pay Rs. 918 crore to acquire the 50% stake held by Crest Ventures and Escorts Developers. The Company will fund the acquisition by way of internal accruals and cash on balance sheet and complete this transaction either on its own and/or through one of its affiliates. Subject to completion of due diligence, certain condition precedents and necessary approvals from the board, the transaction is expected to close by April 2022.