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Prozone Realty Ltd ( (IN:PROZONER) ) has provided an announcement.
Prozone Realty Limited has announced that it received requests from certain entities within its Promoter Group to be reclassified as Public shareholders. This move involves the Rakesh Rawat Family Trust, which holds a 2.35% stake in the company, and other individuals who hold no shares. The reclassification request is part of compliance with SEBI regulations and reflects the Trust’s lack of involvement in the company’s management or policy decisions. The company will seek necessary approvals from regulatory authorities and present the matter to its Board of Directors for consideration.
More about Prozone Realty Ltd
Prozone Realty Limited operates in the real estate industry, focusing on the development and management of shopping malls, residential, and commercial properties. The company is known for its innovative approach to real estate development and has a significant presence in the Indian market.
Average Trading Volume: 81,475
Technical Sentiment Signal: Buy
Current Market Cap: 7.36B INR
Learn more about PROZONER stock on TipRanks’ Stock Analysis page.