
Divestment30 May 2026, 03:02 pm
RDB Real Estate to Sell RDB Raipur Hotels Shares
AI Summary
RDB Real Estate Constructions Ltd's board approved the sale of 9,499 equity shares in RDB Raipur Hotels Private Limited to Gupta Infrastructure (India) Private Limited for ₹56,994. This sale results in RDB Raipur Hotels ceasing to be a direct subsidiary but remaining a stepdown subsidiary. The board also approved audited financial results for the year ended March 31, 2026, re-appointed M/s Garg Narender & Co. as Internal Auditor, and noted the incorporation of Avanir Wellness Resorts Private Limited as a new subsidiary.
Key Highlights
- RDB Real Estate to sell 9,499 shares in RDB Raipur Hotels.
- Sale consideration is ₹56,994 at ₹6 per share.
- RDB Raipur Hotels becomes a stepdown subsidiary.
- Audited financial results for FY26 approved.
- Avanir Wellness Resorts Private Limited incorporated as new subsidiary.
Price Impact
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