Prozone Realty Completes Acquisition of Material Subsidiaries' Shares
Prozone Realty Limited has finalized the acquisition of equity shares in several material subsidiaries and target entities. The company, through itself and its wholly owned subsidiaries, Kruti Realtors and Developers Private Limited and Prozone Liberty International Limited, has consolidated its shareholding across the identified entities.The acquired companies include Empire Mall Private Limited (Empire), Alliance Mall Developers Co. Private Limited (Coimbatore) (Alliance), and Hagwood Commercial and Developers Private Limited (Hagwood).
The following table summarizes the post-acquisition shareholding status for the respective subsidiaries:
| Sr. | Subsidiaries | % Before | % Acquired | % After |
|---|---|---|---|---|
| 1 | Empire | 34.71% | 65.29% | 100% |
| 2 | Alliance | 61.50% | 38.50% | 100% |
| 3 | Hagwood | 61.50% | 38.50% | 100% |
This completion of the acquisition marks a material update in the company's corporate structure, solidifying its interest in these key development assets.
PROZONER Stock Price Movement
Today, Prozone Realty Limited shares edged higher to close at ₹52.85, posting a 5.46% gain in after-hours trading. The stock recorded a total traded volume of 794,691 shares today.Source:
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