Omaxe Limited has informed the Exchange about General Updates wrt sale of Subsidiary.
OMAXE · price
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Omaxe Limited has updated the exchanges about the sale of its 100% equity shareholding in wholly owned subsidiary Landlord Developers Private Limited. The company had previously intimated this sale in March 2025 and June 2025. There is no change in the terms of the deal; only the expected completion date has been pushed back and is now likely to be completed by August 14, 2025. The intimation was filed under SEBI Listing Regulations (Reg 30) on July 31, 2025.
The deal is still on track but with a delayed closing, which introduces some uncertainty around the timing of any cash inflow or deconsolidation benefits. Shareholders should monitor for the final completion announcement, as the subsidiary's sale could impact Omaxe's consolidated financials once executed.