Prozone Realty to sell 3 subsidiaries to Inorbit Malls for up to Rs 1,242.50 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 via postal ballot the sale of subsidiaries Kruti (100%), Alliance (51.93%), and Empire (34.71% direct plus 65.29% via Kruti) to Inorbit Malls for up to Rs 1,242.50 Cr. Land assets will be hived off into two SPVs retained by Prozone. Mall assets including Prozone Mall, Trade Centre, and Saral Bazaar are being divested.

Likely market impact

Major divestiture of mall assets to Inorbit Malls for up to Rs 1,242.50 Cr. Prozone retains land for future development.