Announced Tue, 30 Jun · 19:52 IST
Prozone Realty acquires full stake in Hagwood Commercial Developers
Strategic Transactions View source PDF
PROZONER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.5%1-day move
₹46.30
prior close
₹45.99
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.1+0.8+0.6—+1.5+3.0+1.1-1.8-5.9-4.4-10.0———
Up moveDown movePending
AI summary
Prozone Realty has purchased an additional 2.59% equity stake in Hagwood Commercial Developers, taking its holding to 100%. With this purchase, Hagwood has become a direct wholly-owned subsidiary of Prozone Realty. This follows earlier intimations made on the same subject.
Likely market impact
Full ownership gives Prozone complete control over Hagwood and consolidates its earnings, with no major open offer trigger as it is already a subsidiary.