Ajmera Realty Acquires 51% Stake in Step-Down Subsidiary

Ajmera Realty & Infra India Ltd, through its wholly owned subsidiary Shree Yogi Realcon Private Limited, has acquired a 51% stake in Ajmera MD Realty LLP. The investment of ₹51,000 by Shree Yogi Realcon Private Limited makes Ajmera MD Realty LLP a step-down subsidiary. The LLP, incorporated in 2016, operates in the real estate business and had a nil turnover in the last three fiscal years. This acquisition is intended to facilitate future business expansion and pursue opportunities aligned with the company's long-term growth strategy. The transaction is considered an arm's length basis, though the step-down subsidiary and its partners are related parties.