Divestment21 May 2026, 12:11 pm
Paramount Park Ltd Sells 74% Stake in Thakral Services India
AI Summary
Paramount Park Ltd has sold 8,684,200 equity shares, representing 74% of the paid-up share capital of Thakral Services (India) Limited, to Netizen Properties Private Limited on May 20, 2026. The transaction was executed through an off-market transfer between two companies with common ownership exceeding 50%, complying with SEBI (SAST) Regulations. Post-disposal, Paramount Park Ltd's holding in Thakral Services India is not specified in the filing.
Key Highlights
- Paramount Park Ltd sold 8,684,200 shares of Thakral Services India, representing 74% stake.
- The sale was executed via off-market transfer to Netizen Properties Private Limited.
- The transaction complies with Regulation 10(1)(a)(iii) of SEBI (SAST) Regulations.
- The equity share capital of Thakral Services India before disposal was 1,17,35,080.
Price Impact
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