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Justo Realfintech's board approved the transfer of its premium real estate projects branding, sales and marketing business (along with related assets, liabilities and some employees) to Chestertons India Private Limited, a wholly owned subsidiary newly incorporated on March 17, 2026. The assets being moved have a net value of Rs. 914.78 lakhs, which is about 17.43% of the company's net worth of Rs. 5,247.03 lakhs (as of March 31, 2025). As consideration, the company will receive 95,000 9% Optionally Convertible Preference Shares of Rs. 1,000 each (Rs. 9.5 crore total) from the subsidiary. Two Senior Management Personnel — Mr. Satya Mahaptra and Mr. Praveen Apte — will also be transferred to the subsidiary with immediate effect. The deal is treated as a related party transaction done at arm's length, and there is no change in the listed entity's shareholding pattern.
This is an internal group restructuring to house the premium real estate vertical in a separate subsidiary for sharper focus and better operational efficiency. Shareholding and control remain unchanged, and no fresh cash is involved, so the immediate impact on shareholders is neutral. Investors should watch how the new subsidiary performs and whether the OCPS are eventually converted or redeemed.