Intimation under Reg 30 Investments in LLPs
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Awaiting price reaction for this filing.
Shraddha Prime Projects Ltd has informed the stock exchange about its plan to invest in two Limited Liability Partnerships (LLPs) by becoming a Designated Partner. It proposes to acquire a 60% share in Shraddha Avyukta Realtors LLP and a 51% share in Aajprav Developers LLP, introducing capital and acquiring profit/loss sharing rights. Additionally, the company plans to reduce its investment in Neuwell Builders and Planner LLP from 40% to 30% in the profit/loss sharing ratio. The filings are made under SEBI Listing Obligations Regulation 30.
These moves indicate the company is expanding its real estate footprint through new LLP partnerships while trimming exposure in an existing one. For shareholders, this signals active capital allocation in the real estate segment, but the relatively small scale of these LLP investments is unlikely to materially move the stock price in the short term.