Dear Sir/Madam, Further to earlier intimations under Regulation 30 of the Listing Regulations on this subject, please take note that, the acquisition of equity shares of the identified material subsidiaries and target entities, has been successfully completed.
PROZONER · price
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Prozone Realty Limited has successfully completed the acquisition and consolidation of its shareholding in three material subsidiaries to 100%. The company, directly and through wholly owned subsidiaries Kruti Realtors and Prozone Liberty International, acquired additional stakes in Empire Mall (65.29%), Alliance Mall Coimbatore (38.50%), and Hagwood Commercial (38.50%). Empire Mall was previously held at 34.71%, while Alliance and Hagwood were already at 61.50% each. This acquisition brings all three entities under complete ownership of Prozone Realty, consolidating control over these mall assets.
This full acquisition of subsidiaries strengthens Prozone Realty's consolidation of its mall portfolio and eliminates minority shareholder interests in these entities, which could simplify governance and improve valuation clarity for the listed entity.