Image Source: IPO Central
Zodiac Ventures Limited has announced that its Board of Directors approved the sale of its entire stake in Mumbai Mega Development Private Limited. The transaction, subject to member approval via postal ballot, is expected to conclude within 12 months, with valuation determined by a registered valuer.
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Zodiac Ventures Limited informed that its Board of Directors met on 27 January 2026, and approved the divestment of 100% stake in its associate company, Mumbai Mega Development Private Limited. The move is part of the company’s strategic restructuring and will be executed following shareholder approval.
Key Highlights
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Profit contribution of Mumbai Mega Development Private Limited for FY ending 31 March 2025 stood at Rs. 4,34,168, accounting for 4.52% of Zodiac Ventures’ overall profit.
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Net worth contribution was Rs. 5,73,997, representing 0.39% of the consolidated net worth.
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No agreement for sale has yet been entered into; completion is expected within 12 months of passing a special resolution through postal ballot.
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Sale consideration will be determined by a registered valuer appointed by the associate company.
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The buyer identified is Mr. Ajay Bansal, who is not part of Zodiac Ventures’ promoter group.
Sources: Company filing with Bombay Stock Exchange (BSE), official disclosure by Zodiac Ventures Limited
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