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Prozone Realty’s subsidiary acquires full take in Festivalvalley Developers for ₹1 lakh

BusinessLine 1 hr ago·22 Jul 2026, 8:42 am

Prozone Realty has completed the acquisition of a 100% stake in Festivalvalley Developers for ₹1 lakh. This strategic move involves purchasing 10,000 equity shares at ₹10 per share, fully consolidating the subsidiary into its portfolio.

This transaction is significant as it allows Prozone Realty to expand its operational footprint and diversify its asset base. For investors, it signals the company's continued focus on growth and strategic expansion in the real estate sector.

Investors should monitor how this acquisition integrates into Prozone Realty's existing projects and its impact on the company's future financial performance and operational efficiency.