Ajmera Realty divests 36% stake in associate Ultra Tech Property Developers
AJMERA · price
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Ajmera Realty and Infra India sold its entire 36 percent stake in associate company Ultra Tech Property Developers for about Rs 1.73 crores to Bloom Hotels and Living Private Limited via a Share Purchase Agreement dated 10 July 2026. The associate contributed 0 percent of consolidated revenue and 0.06 percent of consolidated net worth in FY26. Ultra Tech has ceased to be an associate company from the same date. The buyer is unrelated to the promoter group and it is not a related party deal.
Small divestment as the associate contributed almost nothing to revenue and net worth; minimal impact on financials or shareholder value.