Satra Properties (India) has informed that pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in continuation to its letter dated 14th August, 2019, wherein the Board of Directors of the Company had considered and approved sale of stake in Wholly Owned material subsidiary of the Company i.e., Satra Property Developers Private Limited (SPDPL). Accordingly the 49% stake in SPDPL i.e. 71,55,911 equity shares were sold today, 13th September 2019.
The above information is a part of company’s filings submitted to BSE.