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Omaxe Limited ( (IN:OMAXE) ) has shared an announcement.
Omaxe Limited has executed an intra-group restructuring move by selling its entire 40% equity stake in associate firm Aquarise Developers Private Limited to its step-down wholly owned subsidiary, Dinkar Realcon Private Limited, for a total consideration of Rs 40,000. Following the transfer, Aquarise Developers becomes an associate company of Dinkar Realcon, effectively keeping control within the Omaxe group while simplifying the shareholding structure and realigning ownership among group entities through a related-party transaction conducted on an arm’s length basis.
More about Omaxe Limited
Omaxe Limited is an Indian real estate and construction company engaged in property development through a network of subsidiaries and associate entities. The group operates projects via multiple corporate structures, including wholly owned and step-down subsidiaries focused on real estate development and related activities across various locations.
Average Trading Volume: 13,433
Technical Sentiment Signal: Sell
Current Market Cap: 11.95B INR
Find detailed analytics on OMAXE stock on TipRanks’ Stock Analysis page.