Prozone Realty Limited will acquire a 17.507% stake in Gajaanan Property Developers Private Limited for ₹24.00 Crore. The cash transaction is expected to conclude within 180 days. This strategic investment aims to expand the company's presence in high-income yielding real estate assets and high-potential land developments.
Prozone Realty Limited is acquiring a 17.507% stake in Gajaanan Property Developers Private Limited for ₹24.00 Crore in cash. This strategic acquisition aims to expand the company's footprint in high-income yielding real estate assets and develop high-potential land. The transaction is expected to conclude within 180 days.
Prozone Realty Limited has completed the acquisition of a 38.50% stake in its material subsidiary, Hagwood Commercial Developers Private Limited. The shares were purchased from Triangle Real Estate India Investments Ltd and Pearlscope Ltd, strengthening the company's control over the subsidiary.
Prozone Realty Limited's wholly owned subsidiary, Kruti Realtors and Developers, completed the acquisition of a 65.29% stake in Empire Mall Private Limited. The stake was purchased from Triangle Real Estate India Holdings, Pearlscope Ltd, and Nailsfield Ltd, strengthening the company's real estate portfolio.
Prozone Realty Limited has successfully completed the acquisition of equity shares in material subsidiaries Empire Mall, Alliance Mall Developers, and Hagwood Commercial. Following the consolidation, all three entities have become 100% wholly-owned subsidiaries of the company, strengthening its corporate structure and asset control.
