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Omaxe acquires remaining 25% stake in subsidiary companies

06 Dec 2023 Evaluate

Omaxe has further acquired remaining 25% equity shares in its subsidiary companies namely ‘PP Devcon’ and ‘Sri Balaji Green Heights’, in which the Company had pre-acquisition holding of 75% of the Equity Share Capital. Consequently, the above mentioned companies have become wholly owned subsidiaries of Omaxe with effect from December 5, 2023. 

Omaxe is an India-based company engaged in real estate and infrastructure businesses. The Company operates in two segments Real estate and Construction.


Peers
Company Name CMP
Lodha Developers 1061.90
Prestige EstatesProj 1486.20
Dilip Buildcon 402.65
DLF 674.00
Oberoi Realty 1707.35
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