Hazoor Multi Projects Merger & Restructuring
Hazoor Multi Projects Limited's subsidiary, Square Port Shipyard Private Limited, issued shares, diluting the parent company's stake from 96.33% to 53.76%.
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Hazoor Multi Projects Limited's subsidiary, Square Port Shipyard Private Limited, issued shares, diluting the parent company's stake from 96.33% to 53.76%.
Hazoor Multi Projects' subsidiary, Square Port Shipyard, issued 1,18,800 shares to Master Financial Services for ₹25.85 Crore. This issuance reduced the parent's subsidiary stake to 53.76%.
Hazoor Multi Projects Limited has completed the sale of a 3.67% stake in Square Port Shipyard Private Limited for ₹1.16 Crore.
Hazoor Multi Projects Ltd. completed the sale of 3.67% equity stake in its subsidiary, Square Port Shipyard Private Limited, which ceases to be a wholly-owned subsidiary.
Hazoor Multi Projects will divest a 3.67% stake in subsidiary Square Port Shipyard for ₹1.165 Crore. The firm retains a 96.33% majority stake post-transaction.