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Cella Space Limited sold its wholly-owned subsidiary Vijay Logistics Parks Private Limited for ₹16.33 Crore. The transaction streamlines its portfolio through a full divestment.
Cella Space Limited incorporated five wholly-owned subsidiaries focused on industrial warehousing and logistics parks with a total initial paid-up capital of ₹0.05 Crore. The new entities include Landlink Warehousing, Store Max Logistics, SafeHold Warehousing, Victara Industrial Parks, and Summitra Industrial Ventures. This expansion aligns with the company's objective of developing and potentially selling industrial park assets.