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Hazoor Multi Project divests entire stake in Aambev Valley Mountains

01 Jul 2015 Evaluate

Hazoor Multi Projects has divested its entire shareholding of Aambev Valley Mountains, a non material, wholly owned subsidiary of the company. The company has taken this step pursuant to the consent accorded by the board. Consequently, Aambev Valley Mountains has ceased to be subsidiary of the company with immediate effect.

The aforesaid divestment of holding will have no bearing on the performance/ operation of the company as the said subsidiary did not start any commercial operations and it could not generate any revenue and it was a non material subsidiary of the company in terms of Clause 49 of the Listing Agreement.

Hazoor Multi Projects is engaged in executing and developing elite schemes including a multi-storey residential tower.


Hazoor Multi Project Share Price

30.53 -0.42 (-1.36%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
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Dilip Buildcon 457.55
DLF 601.80
Oberoi Realty 1710.00
Ahluwalia Contract(I 832.90
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