Prozone Realty Subsidiary Acquires 100% Stake in FVDPL

Prozone Realty Ltd announced that its step-down wholly-owned subsidiary, Empire Mall Private Limited, has acquired a 100% stake in Festival Valley Developers Private Limited (FVDPL) on July 20, 2026. This acquisition makes FVDPL a step-down subsidiary of Prozone Realty. FVDPL is engaged in real estate construction and development. The acquisition cost was INR 1,00,000, with shares acquired at INR 10 per share. The net worth of FVDPL was Rs. (2,724.10) and its turnover was Nil for FY 2025-2026. The acquisition aligns with Prozone Realty's objective of expanding its business and related investments. No government or regulatory approvals were required for this transaction.