Investment16 Jul 2025, 12:06 pm
Simplex Realty Invests Rs. 35 Crore in Subsidiary Simplex Modern Homes
AI Summary
Simplex Realty Ltd. has approved an investment of Rs. 35,00,00,000/- in its subsidiary, Simplex Modern Homes Private Limited (SMHPL), by subscribing to its 9% Redeemable Preference Share capital. This investment is aimed at diversifying and expanding the current business of Simplex Realty. SMHPL is a newly incorporated Private Limited Company, and the transaction is at arm's length. The investment is expected to be completed in the Financial Year 2025-26.
Key Highlights
- Simplex Realty Ltd. is investing Rs. 35 Crore in its subsidiary, Simplex Modern Homes Private Limited (SMHPL).
- The investment is in the form of subscription to SMHPL's 9% Redeemable Preference Share capital.
- The transaction is at arm's length and is expected to diversify and expand Simplex Realty's current business.
- SMHPL is a newly incorporated Private Limited Company with a focus on Real Estates.
- The investment is expected to be completed in the Financial Year 2025-26.