Prozone Realty to divest mall assets to Inorbit Malls for Rs 1,242.5 Cr

Core Business DivestedStrategic Transactions View source PDF Explain this filing

PROZONER · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+2.1%Reaction day

₹50.93

prior close

₹51.51

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.2%+1.8% vs market

Realty peers, median of 125sector · industry level-0.6%+2.7% vs sector

On the reaction day the stock moved 1.8 pts more than Nifty Microcap 250 and 2.7 pts more than its Realty peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.2

10m

-0.8

15m

-0.8

30m

-0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.1+0.2+1.8-0.6+2.7

Next day

+1.1+1.1+0.0-0.4+1.5

+1.9+1.1+0.8-0.2+2.1

-0.2-0.9+0.7-1.6+1.4

-1.3+1.0-2.3-0.9-0.4

-2.0-0.5-1.5-1.2-0.9

-5.8+1.4-7.1-1.1-4.7

15d

-7.7+6.2-14.0+0.8-8.5

-6.3+7.1-13.5+1.4-7.7

-14.9+8.0-22.8+0.1-14.9

-9.4+11.2-20.6-2.8-6.6

UpDownMarket · Nifty Microcap 250Sector · Realty peers, median of 125Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Shareholders approved selling material subsidiaries Kruti, Empire Mall, and Alliance Mall to Inorbit Malls (India) for up to Rs 1,242.50 Cr. The deal covers Prozone Mall, Prozone Trade Centre, and Saral Bazaar. Land assets will be hived off into SPVs and retained by Prozone for future development, including a 540-unit residential project.

Likely market impact

Major divestment of mall assets; Rs 1,242 Cr inflow strengthens balance sheet. Land bank retained for future growth.