Om infra has proposed to divest its stake in its Subsidiary Chahel Infrastructures and Associate Sanmati Infradevelopers at an approved valuation.
Chahel Infrastructures is not material subsidiary and has not been in business since long. Presently, the Company holds 94.64 per cent shares in Chahel Infrastructures. Consequent to the above transaction, Chahel Infrastructures ceased to be the subsidiary of Om infra.
Sanmati Infradevelopers is an associate of the company and the company holds 25 per cent shares in it. Consequent to the above transaction, Sanmati Infradevelopers ceased to be an associate of Om infra.
Om Infra is a conglomerate having diverse business activities and interests related to Hydro mechanical equipment, turnkey solutions for steel fabrication, Hydro power developments, Real Estate, Entertainment centers and Hotels.
