Prozone Realty Limited
Prozone Realty has approved the divestment of its material and step-down subsidiaries, Kruti, Alliance, and Empire, to Inorbit Malls (India) Private Limited for approximately Rs.1,242.50 crore. This strategic move aims to unlock value, deleverage the balance sheet, and provide capital for future growth opportunities.
Apr 29 2026 19:04:00
Prozone Realty Limited
PROZONE REALITY LIMITED initiated a postal ballot for shareholder approval to divest its material subsidiaries and hive off identified assets. This strategic move aims to streamline operations and unlock value, requiring a special resolution.
Apr 29 2026 19:04:00
Prozone Realty Ltd - 534675 - Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
Prozone Realty to divest material subsidiaries for ₹1,242.50 crores through a postal ballot. The move aims to deleverage the balance sheet and fund future growth opportunities while retaining specific land assets.
Apr 29 2026 19:04:00
Prozone Realty Limited
PROZONE REALITY board approved the sale of its subsidiary, Kruti Realtors and Developers Private Limited, to Inorbit Malls Private Limited for approximately ₹1,242.50 crores. The agreement for this cash transaction was entered into on August 25, 2026.
Apr 28 2026 21:04:00
Prozone Realty Limited
Prozone Realty board approved the acquisition of 17.507% equity in Gajaanan Property Developers Private Limited for ₹24 crore. This strategic move aligns with the company's plan to expand its presence in high income yielding real estate assets in India.
Apr 28 2026 21:04:00
Prozone Realty Limited
Prozone Reality approved the sale of its subsidiary, Empire Mall Private Limited, for a gross consideration of up to ₹1,242.50 crore. The subsidiary recorded a previous year turnover of ₹62.71 crore and a net worth of ₹24.61 crore.
Apr 28 2026 21:04:00
Prozone Realty Limited
PROZONE REALITY board approved the sale of land assets owned by its wholly-owned subsidiary Empire Mall Private Limited. The transaction involves selling to another wholly-owned subsidiary, Hagwood Commercial Developers Private Limited, for an estimated ₹13 crores, with completion expected by August 25, 2026.
Apr 28 2026 21:04:00
Prozone Realty Limited
Prozone Reality's board approved the sale of land assets owned by its subsidiary Alliance Mall Developers Co Private Limited for an estimated ₹44 crores. The assets are being sold to its wholly owned subsidiary, Prozone Horizons Private Limited, a fellow group company.
Apr 28 2026 21:04:00
Prozone Realty Limited
Prozone Realty board approved the sale of equity stakes in Kruti Developers, Alliance Mall Developers, and Empire Mall Private Limited to Inorbit Malls for ₹1,242.50 crores. The company also approved the hiving off of land assets into SPVs and acquired a 17.507% stake in Gajaanan Property Developers for ₹24 crores, aligning with its expansion into high-income yielding assets.
Apr 28 2026 20:04:00
Prozone Realty Limited
Prozone Realty board approved the sale of equity stakes in Kruti Developers, Alliance Mall Developers, and Empire Mall Private Limited to Inorbit Malls for ₹1,242.50 crores. The company also approved the hiving off of land assets into SPVs and acquired a 17.507% stake in Gajaanan Property Developers for ₹24 crores, aligning with its expansion into high-income yielding assets.
Apr 28 2026 20:04:00
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