Acquisitions30 Jun 2025, 03:57 pm
Apax Trust Acquires 28.83% Stake in Prozone Realty Ltd for Rs. 30,52 Crores
AI Summary
Apax Trust has acquired 28.83% stake in Prozone Realty Ltd through a combination of open offer and off-market transfer. The open offer resulted in the acquisition of 2,371 shares, while the off-market transfer saw the acquisition of 4,39,95,788 shares from Nailsfield Limited pursuant to a Share Purchase Agreement dated 31st December 2024. The total consideration for the shares is Rs. 30,52 crores.
Key Highlights
- Apax Trust acquires 28.83% stake in Prozone Realty Ltd
- Acquisition through a combination of open offer and off-market transfer
- Open offer resulted in the acquisition of 2,371 shares
- Off-market transfer of 4,39,95,788 shares from Nailsfield Limited
- Total consideration for the shares is Rs. 30,52 crores