Paul Merchants has received approval to make further investment in the Equity Share Capital of PML Realtors (target company), a wholly owned subsidiary of the company, upto a sum of Rs 125 crore in aggregate. The said investment will be made, in one or more tranches, over a period of time.
The proposed investment shall support the growth and expansion of the business of the target company. With this investment, there will be no change in the existing stake in the target Company, as the target company is already a wholly owned subsidiary of the company. The Board of Directors of the Company in their duly convened meeting held May 26, 2025 has inter alia discussed and approved the same.
Paul Merchants is engaged in to the business activities of providing financial services.
