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MoneyWorks4Me

PP Devcon becomes subsidiary company of Omaxe

10 Feb 2014 Evaluate

PP Devcon has become the subsidiary company of Omaxe. This is pursuant to acquisition of 7500 equity shares of Rs 10 each at a price of Rs 50 per shares of PP Devcon being the 75% of paid up capital.

Omaxe is one of India’s leading real estate development companies. Founded in 1987, the company has fast spread its footprints in 9 states across 30 cities.

Peers
Company Name CMP
Lodha Developers 1167.65
Prestige EstatesProj 1632.45
Dilip Buildcon 397.10
DLF 745.00
Oberoi Realty 1739.90
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