Bhagyanagar Properties has materialised and divested the entire equity shares held in Masanto Containers to Sia Publishers and Distributors pursuant to Share Purchase Agreement dated on September 30, 2019. Consequent to above divestment, Masanto Containers ceased to be a subsidiary company with effect from December 18, 2019.
Bhagyanagar Properties is a wholly owned subsidiary of Bhagyanagar India. It is in the business of purchasing land parcels and then developing them.