Crest Ventures Limited has informed the Exchange about Change in Status of Crest Residency Private Limited from Wholly Owned Subsidiary to Subsidiary of Crest Ventures Limited
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Crest Ventures Limited informed exchanges that its wholly owned subsidiary, Crest Residency Private Limited (CRPL), allotted 3,158 equity shares (face value INR 10 each) to a new investor on June 26, 2025. As a result, CVL's equity holding in CRPL has been reduced from 100% to 76%. Consequently, CRPL has transitioned from being a wholly owned subsidiary to a subsidiary of CVL. The identity of the new investor was not disclosed in the filing.
Minor dilution of CVL's stake in CRPL but CVL retains majority control at 76%, so there is no change in control. Limited material impact on the parent company's consolidated earnings or shareholders, though a new minority investor now has a stake in CRPL.