Acquisitions7 April 2026 at 03:21 pm
Prozone Realty Ltd Successfully Acquires Majority Stakes in Empire, Alliance, and Hagwood
AI Summary
Prozone Realty Ltd has completed the acquisition of equity shares in Empire Mall Private Limited, Alliance Mall Developers Co. Private Limited (Coimbatore), and Hagwood Commercial and Developers Private Limited. The company, through its subsidiaries Kruti Realtors and Developers Private Limited and Prozone Liberty International Limited, has acquired 100% shareholding in these entities. The post-acquisition shareholding percentages are as follows: Empire - 34.71%, Alliance - 61.50%, and Hagwood - 61.50%.
Key Highlights
- Prozone Realty Ltd has successfully completed the acquisition of equity shares in Empire, Alliance, and Hagwood.
- The acquisition was made through the company's subsidiaries Kruti Realtors and Developers Private Limited and Prozone Liberty International Limited.
- The company now holds 100% shareholding in Empire, Alliance, and Hagwood.
- The post-acquisition shareholding percentages are as follows: Empire - 34.71%, Alliance - 61.50%, and Hagwood - 61.50%.