Omaxe Limited — Important, 28-03-2025: Sale or disposal

Omaxe Limited has announced a board meeting regarding the sale of 100% equity in its wholly owned subsidiary, Landlord Developers Private Limited, to Batcon Infratech Private Limited. The transaction is valued at approximately Rs. 19.66 crore, with the share price set at Rs. 98.32 per share. The deal is expected to close by May 30, 2025. The subsidiary contributes minimally to Omaxe's financials, representing about 0% of revenue and 3.49% of net worth from the last financial year. This move may signal Omaxe's strategy to streamline operations, potentially boosting investor sentiment through enhanced focus on core activities.