Subsidiary Acquires 100% Stake in Real Estate Developer Festivalvalley Developers Private Limited
Prozone Realty Limited’s subsidiary, Empire Mall Private Limited, has acquired a controlling stake in Festivalvalley Developers Private Limited (FVDPL). The acquisition was completed on July 20, 2026. Following the purchase, FVDPL has become a step-down subsidiary of Prozone Realty Limited.Empire Mall Private Limited, a wholly-owned subsidiary of Prozone Realty Limited, acquired 100% of the equity capital of Festivalvalley Developers Private Limited (FVDPL). The acquisition was conducted for a cash consideration amounting to INR 1,00,000/-, with the shares being acquired at Rs. 10/- per share.
This move aligns with Prozone Realty Limited's objective of expanding its business and related investments. FVDPL is engaged in the Real Estate sector, focusing on constructions and developments. The transaction was not identified as a related party transaction.
Key details regarding the acquisition and Festivalvalley Developers Private Limited are summarized below:
| Particulars | Detail |
|---|---|
| Target Entity Name | Festival Valley Developers Private Limited (FVDPL) |
| Date of Acquisition | July 20, 2026 |
| Industry | Real Estate |
| Shares Acquired | 10,000 Shares (representing 100% of equity capital) |
| Transaction Type | Cash Consideration |
| Cost of Acquisition | INR 1,00,000/- |
FVDPL Background and Financial Standing
Festivalvalley Developers Private Limited was incorporated on January 24, 2020. The company's business is dedicated to Real Estate constructions and developments.Financial performance details for the target entity include:
| Financial Metric | Value (F.Y.) |
|---|---|
| Net Worth | Rs. (2,724.10) (F.Y. 2025-2026) |
| Turnover | Rs. Nil (F.Y. 2025-2026) |
The turnover of FVDPL for the last three financial years—FY 2023-2024, FY 2024-2025, and FY 2025-2026—was reported as Nil. The company operates within India.
PROZONER Stock Price Movement
Prozone Realty Limited shares slipped slightly in post-market trading today, settling at ₹42.68 after shedding 0.16% from its previous close. The stock saw a volume of 77,008 shares traded during the day.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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