Prozone Realty Limited to Acquire Shares in Three Subsidiaries
Prozone Realty Limited (PRL) announced on March 27, 2026, that its Board of Directors has approved the purchase of equity shares of Empire Mall Private Limited, Omni Infrastructure Private Limited, and Hagwood Commercial Developers Private Limited from Prozone Liberty International Limited, a wholly owned subsidiary in Singapore.The acquisition, involving a cash consideration, aims to enhance PRL's cash management efficiency, restructure the group's legal entity structure, and unlock strategic flexibility, including potential asset-level monetisation or partnerships.
Details of the Acquisition:
The following table outlines key details regarding the acquisition of each Target Company:
| Particulars | Empire | Omni | Hagwood |
|---|---|---|---|
| Name & Paid-up Share Capital | Empire Mall Private Limited, INR 1,36,02,25,320 | Omni Infrastructure Private Limited, INR 400,020 | Hagwood Commercial Developers Private Limited, INR 15,41,50,170 |
| Turnover | INR 6,271.36 lakhs | INR 129.57 lakhs | INR 5,444.35 lakhs |
| Transaction Type | Related party transaction at a price other than arm's length | Related party transaction at a price other than arm's length | Related party transaction at a price other than arm's length |
| Industry | Developing, owning and operating of shopping mall, residential and commercial premises | Developing, owning and operating of shopping mall, residential and commercial premises | Developing, owning and operating of shopping mall, residential and commercial premises |
| Shares Acquired & Percentage | 4,72,09,412 equity shares representing 34.71% | 24,000 equity shares representing 60% | 94,80,235 equity shares representing 61.5% |
| Consideration | INR 4,72,09,412 | INR 24,000 | INR 94,80,235 |
| Indicative Completion Timeframe | Within 45 days | Within 45 days | Within 45 days |
The acquisition is expected to be completed within 45 days.
Source:
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