Keystone Realtors to acquire 50% equity holding in Ajmera Luxe Realty, ET RealEstate
NEW DELHI: Keystone Realtors (KRL) has entered into a share purchase agreement with Ajmera Realty & Infra India (ARIIL) to purchase/acquire 50% equity holding i.e., 5,000 fully paid up equity shares of Ajmera Luxe Realty (ALRPL), a 100% owned subsidiary of ARIIL, both the companies informed in separate BSE fillings.
Cost of acquisition is Rs. 50,000. Net worth of ALRPL as on March 31, 2023 was Rs. 92,000.
Upon completion of the aforesaid transaction in terms of the SPA, ALRPL would cease to be a wholly owned subsidiary of the ARIIL.
