Suraj Estate Developers Limited
First Water increased its stake in Suraj Estate Developers from 1.03% to 1.24%, raising its shareholding from 491,521 to 594,666 shares. The additional 103,145 shares are worth ₹2.13 Cr at ₹207.30 apiece.
A real estate developer incorporated in 1986, Suraj Estate specializes in constructing residential and commercial properties across South Central Mumbai. The company develops housing projects and commercial spaces designed for the local market demands and preferences. With decades of operational experience in the Mumbai region, it has established itself as a notable player in the competitive real estate development sector.
India-focused and FPI co-founded by Arun Chulani (CA, MSc LSE, ex-Ikarus Petroleum) and Ricky Kirpalani. Concentrated long-only value strategy holding 15 to 18 stocks for 5 to 7 year horizons. Patient capital with a Buffett-style preference for moaty Indian businesses available at sensible prices.