Ajmera Realty Sells 36% Stake in Ultra Tech Property Developers
Ajmera Realty & Infra India Ltd has divested its entire 36% shareholding in its associate company, Ultra Tech Property Developers Private Limited, through a Share Purchase Agreement signed on July 10, 2026. The transaction, effective from the same date, means Ultra Tech Property Developers is no longer an associate company. The sale consideration was ₹1,73,36,858. For the financial year ended March 31, 2026, the associate company contributed 0% to Ajmera Realty's consolidated turnover/revenue and 0.06% to its consolidated net worth. The buyer, Bloom Hotels and Living Private Limited, is not related to Ajmera Realty's promoter or group companies, and the transaction is not considered a related party transaction.
Key Highlights
- Ajmera Realty divests 36% stake in associate Ultra Tech Property Developers.
- Sale consideration amounts to ₹1,73,36,858.
- Transaction effective July 10, 2026; associate status ceased.
- Associate contributed 0% to consolidated turnover, 0.06% to net worth.
- Buyer is unrelated to promoter/group companies; not a related party transaction.
Price Impact
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