In a strategic move to expand its presence and readiness for upcoming real estate opportunities, Prozone Realty Limited has acquired 100% equity stake in Probliss Realty Pvt. Ltd. (Probliss). The acquisition will make Probliss a wholly-owned subsidiary of Prozone Realty, aimed at leveraging its structure for future real estate projects or related business opportunities.

Acquisition Details

The acquisition involves the purchase of 10,000 equity shares of Rs 10 each, totaling Rs 1,00,000/-. This is a cash transaction, and no share swaps or other forms of consideration are involved. The acquisition is expected to be completed within 10 days.

Prozone Realty has clarified that this is a related party transaction, as the subsidiary will fall under the control of the parent company after the deal. However, the deal is being executed on an arm’s length basis, ensuring fair pricing and transparency.

About Probliss Realty Pvt Ltd

Probliss Realty Pvt Ltd is a private limited company incorporated on 24th November 2022 under the Companies Act, 2013. The company’s authorised capital stands at Rs 10 lakh, while the paid-up capital is Rs 1 lakh. It is engaged in the construction, development, and real estate business.

The turnover for the past three years stands at NIL, indicating that the company has not been operationally active yet but has been incorporated likely as a strategic investment vehicle.

Strategic Purpose and Objectives

The primary objective behind this acquisition is strategic positioning. By acquiring Probliss Realty, Prozone aims to have a ready platform to pursue potential real estate projects in the future. This acquisition aligns with Prozone Realty's ongoing efforts to diversify and strengthen its real estate portfolio.

This move signals that Prozone Realty is preparing for scalable growth, leveraging its subsidiary to respond quickly to market opportunities. The structure of Probliss allows it to be utilised for any real estate development or allied services.

Regulatory and Financial Information

There are no specific governmental or regulatory approvals required for this acquisition, indicating a smooth and swift integration process. The transaction complies with the Companies Act and has been internally approved by the necessary stakeholders.

Prozone Realty's solvency and financial capability enable it to undertake such acquisitions with minimal risk. By maintaining transparency and adhering to fair transaction practices, the company ensures confidence among investors and regulators alike.

Implications for Stakeholders

For shareholders and investors, this acquisition opens up possibilities of future project announcements, which could be routed through Probliss Realty. Though Probliss currently has no turnover or business activity, its role in Prozone Realty’s roadmap will unfold as new projects emerge.

This also reflects Prozone Realty’s proactive stance in maintaining readiness for upcoming infrastructure or development projects, without having to go through fresh incorporations or legal set-ups later.

Summary of Key Acquisition Terms:

• Company Acquired: Probliss Realty Pvt. Ltd.

• Incorporation Date: 24th November 2022

• Authorised Capital: Rs 10 lakh

• Paid-up Capital: Rs 1 lakh

• Industry: Real estate, construction, development

• Turnover History: NIL for past three years

• Country of Operation: India

• Mode of Acquisition: Cash

• Cost of Acquisition: Rs 1,00,000/-

• Stake Acquired: 100% equity

• Time Frame for Completion: Within 10 days

Final Thoughts

The acquisition of Probliss Realty is a future-oriented move by Prozone Realty Limited. While the acquired company has no current operational turnover, its legal and capital structure provides Prozone Realty with a flexible, quick-to-deploy vehicle for real estate development.

With real estate demand and development witnessing steady growth in India, companies like Prozone are actively gearing up to stay ahead of the curve. This acquisition might just be the precursor to bigger project announcements or strategic collaborations in the near future.

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