Prozone Realty Completes Sale of Subsidiaries for ₹1,242.5 Cr

Prozone Realty Ltd has announced the completion of the sale of its identified subsidiaries, including Kruti Realtors and Developers Private Limited, Alliance Mall Developers Co. Pvt. Ltd., and Empire Mall Private Limited, to Inorbit Malls (India) Private Limited. The aggregate gross consideration for this transaction is ₹1,242.50 crore, which remained unchanged post-due diligence. This divestment marks the monetisation of operational mall assets. The company will continue its real estate development business, focusing on commercial and residential segments, particularly in the Mumbai Metropolitan Region, and developing retained land parcels.