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Omaxe Limited approved incorporating a wholly owned subsidiary for real estate PPP projects. The subsidiary's subscription cost is Rs 1,00,000 for 100% equity.
Omaxe Ltd's subsidiary, Dinkar Realcon, sold its 40% stake in Aquarise Developers Private Limited for ₹0.08 Crore. This transaction is considered a related party deal.
Omaxe Limited's wholly-owned subsidiary, Rohtas Holding (Gulf) Limited, has been de-registered in Dubai due to non-operation. The closure will not materially impact the company's financial position.