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Prozone Intu Properties Limited - Announcement under Regulation 30 (LODR)-Updates on Acquisition

| Updated on February 14, 2019 Published on February 14, 2019

the Board of Directors of the Company in its meeting held on 13th February 2019 has decided to acquire 100% shares of Prozone Intu Developers Pvt Ltd (PIDPL), a step down
subsidiary from Royal Mall Pvt Ltd. (RMPL) a wholly owned subsidiary of the Company. The actual transfer of shares shall take place in due course

Currently, RMPL is 100% subsidiary of the Company and PIDPL is wholly owned subsidiary of the RMPL. Pursuant to said acquisition, PIDPL shall become wholly owned direct subsidiary of the Company. As on date, PIDPL has paid up share capital of Rs. 1 Lakh divided into 10,000 equity
shares of Rs. 10/- per shares

Pdf Link: Prozone Intu Properties Limited - Announcement under Regulation 30 (LODR)-Updates on Acquisition

Source : BSE - www.bseindia.com

Published on February 14, 2019
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