Aditya Birla Real Estate Limited — Board Meeting, 20-12-2024: Outcome of Board Meeting

The Board of Directors of Aditya Birla Real Estate Limited has approved the sale of its 100% shareholding in Vardhita Properties Private Limited (VPPL) to Birla Estates Private Limited, both wholly owned subsidiaries. Following this transaction, VPPL will become a step-down wholly owned subsidiary. The sale includes 5 lakh equity shares at a face value of ₹10 each, with the deal anticipated to be completed by December 31, 2024. The consideration for the sale amounts to ₹9.18 lakh, yet to be received. VPPL contributed approximately ₹0.37 crore to total income and ₹0.01 crore to net worth last financial year.