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Board Meeting Outcome

Prozone Realty Board Meeting Outcome

Prozone Realty approved the sale of three material subsidiaries to Inorbit Malls for approximately ₹1,242.50 Crore. The board also cleared the internal transfer of Coimbatore and Chhatrapati Sambhaji Nagar land assets into separate SPVs and a 17.507% stake acquisition in GPDPL for ₹24 Crore. These strategic moves aim to facilitate disinvestment and expand high-income yielding assets.

Key figures
Value₹1,242 Cr
Execution periodWithin 90 days of execution of SPA
Source

NSE filing, NSE: PROZONER. Summary written from the filing by ALFA Finder's alert engine.

Read the filing ↗

Prozone Realty Ltd: key numbers

Share price
₹54.29
Market cap
₹828.5 Cr
Revenue (annual)
₹195.2 Cr
Net profit (annual)
₹17.89 Cr
P/E (TTM)
73.2×Sector 35.3×
Promoter holding
57.17%+3.54% QoQ
FII holding
3.07%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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