IndiQube Spaces to invest ₹35 crore in SaiEdge Realty for 49% stake

IndiQube Spaces has approved an investment of up to ₹35 crore in SaiEdge Realty, acquiring a stake of up to 49% on a fully diluted basis. SaiEdge will develop commercial office space which IndiQube intends to lease upon completion.

NEW DELHI: IndiQube Spaces has approved an investment of up to ₹35 crore in SaiEdge Realty, through subscription to equity shares and/or convertible securities, for a stake of up to 49 per cent on a fully diluted basis, according to a regulatory filing.

The investment may be made in one or more tranches. The company said the investment is aimed at strategic participation in a commercial real estate opportunity.

SaiEdge Realty will undertake the development of owned commercial office space, while IndiQube intends to lease the office space developed by the company upon completion.

Separately, the company’s board took on record the resignation of Avalur Gopalaratnam Muralikrishnan as independent director with effect from the close of business hours on 19 Oct 2026. The board also appointed Ishwar Subramanian as an additional independent director with effect from 19 Oct 2026. It has recommended his appointment as an independent director for a period of five consecutive years, from 19 Oct 2026 to 18 Oct 2031.