Omaxe Limited has informed the Exchange about General Updates wrt earlier intimation filed for sale of Wholly Owned Subsidiary.
OMAXE · price
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Awaiting price reaction for this filing.
Omaxe Limited has informed exchanges that the sale of its 100% equity stake in wholly owned subsidiary Landlord Developers Private Limited has been delayed. The earlier intimation for this sale was filed on March 28, 2025. The company now expects the sale to be completed by July 31, 2025, instead of the original timeline. There are no other changes to the earlier disclosed terms of the transaction.
The deal itself is not cancelled, but the delay in closing could signal slower-than-expected progress. Shareholders should watch for the next update around end-July to see if the sale actually goes through, as it may affect the company's cash position and debt reduction plans.