Ajmera Realty & Infra India has received approval from board of directors to acquire 100% equity stake comprising of 10,000 fully paid-up equity Shares of Rs 10 each in Ajmera Luxe Realty (ALRPL), which would make ALRPL wholly-owned subsidiary of the company. The board of directors of the company at its meeting held on January 30, 2023 has approved the same.
Ajmera Realty & Infra India is primarily engaged in real estate development. Its real estate business caters to the mid and hi-end housing segments. It also operates in the hospitality and entertainment, which includes dome theatres, retail and malls, etc.
