Prozone Realty Expands Portfolio: Acquisition of Probliss Realty and Strategic Stake Sale

Prozone Realty Limited has made significant strides in its strategic expansion plans. The company has approved the acquisition of 100% equity in Probliss Realty Pvt Ltd for a consideration of ₹1,00,000. Additionally, Nikhil Chaturvedi has proposed to acquire a 26% stake in Prozone Realty for approximately ₹990 million, subject to statutory approvals.

Key Highlights:

Probliss Realty Acquisition: This move aligns with Prozone Realty's strategy to enhance its presence in the real estate sector through targeted acquisitions.

Nikhil Chaturvedi's Stake Acquisition: The proposed acquisition of a 26% stake by Nikhil Chaturvedi reflects investor confidence in Prozone Realty's growth potential.

Financial Performance: Prozone Realty recently announced its unaudited financial results for the quarter ended December 31, 2024, highlighting its operational performance.

This strategic expansion positions Prozone Realty for enhanced market presence and financial growth.

Source: Markets Screener, Economic Times, Prozone Realty Limited