Ajmera Realty Sells 36% Stake in Ultra Tech Property Developers for Rs. 1.73 Crore
Ajmera Realty & Infra India Limited has completed the sale of its entire shareholding—comprising 36% of the equity share capital—of Ultra Tech Property Developers Private Limited. The transaction was formalized through a Share Purchase Agreement (SPA) signed on July 10, 2026.Following the completion of the sale, effective from July 10, 2026, Ultra Tech Property Developers Private Limited has ceased to be an Associate Company of Ajmera Realty & Infra India Limited.
The purchase was finalized with Bloom Hotels and Living Private Limited, who acquired the stake in the transaction. The Purchaser is not related to the promoter or the promoter group of Ajmera Realty. Consequently, the sale is classified as a non-related party transaction.
Key details regarding the transaction and the associate company's financial standing have been summarized below:
| Particular | Details |
|---|---|
| Company Sold Stake In | Ultra Tech Property Developers Private Limited |
| Stake Transferred | 36% of the equity share capital |
| Buyer | Bloom Hotels and Living Private Limited |
| Transaction Date | July 10, 2026 |
| Consideration Received | Rs. 1,73,36,858/- |
Before the divestment, during the financial year ended on March 31, 2026, the associate company demonstrated consolidated performance figures:
- Turnover / Revenue / Income of the Associate Company: Rs. 485.68 Lakhs
- Net Worth of the Associate Company: Rs. 238.28 Lakhs
In terms of impact on Ajmera Realty, the associate company contributed 0% to the consolidated turnover/revenue and income of the listed entity, while representing 0.06% of the consolidated net worth.
AJMERA Stock Price Movement
Today, Ajmera Realty & Infra India Limited shares surged, settling at ₹134.67 after closing today and gaining 3.54%. The stock saw heavy trading in the market, with a volume of 592,226 shares recorded during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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