Ajmera Realty: Additional 2% equity shares issued
Real Estate

Ajmera Realty: Additional 2% equity shares issued

Ajmera Realty & Infra India Ltd (ARIIL) has issued additional equity shares as a marginal benefit to its stakeholders due to the de-merger with Radha Raman Dev Ventures, a wholly-owned subsidiary. The de-merger was approved by the National Company Law Tribunal (NCLT) on July 4, 2024. Under the scheme of arrangement, ARIIL has allotted one equity share with a face value of Rs 10 for every 50 shares held by its equity shareholders.

Dhaval Ajmera, the director of the company, stated that the de-merger is a strategic move made in the best interest of the company's growth and development. He noted that as a result of the de-merger, shareholders have achieved a marginal gain of one additional share for every 50 shares held, equating to a 2% monetary gain. ARIIL has issued an additional 709,698 equity shares, bringing the total expanded capital to 3,619,457 equity shares.

This de-merger involves the transfer of a 6.5-acre land parcel at I-land Wadala, with plans to develop a mixed-use project on the site. The intention behind the de-merger is to segregate the business related to the development of this mixed-use project into a separate company, namely Radha Raman Dev Ventures, which will be a 100% subsidiary.

Ajmera Realty & Infra India Ltd (ARIIL) has issued additional equity shares as a marginal benefit to its stakeholders due to the de-merger with Radha Raman Dev Ventures, a wholly-owned subsidiary. The de-merger was approved by the National Company Law Tribunal (NCLT) on July 4, 2024. Under the scheme of arrangement, ARIIL has allotted one equity share with a face value of Rs 10 for every 50 shares held by its equity shareholders. Dhaval Ajmera, the director of the company, stated that the de-merger is a strategic move made in the best interest of the company's growth and development. He noted that as a result of the de-merger, shareholders have achieved a marginal gain of one additional share for every 50 shares held, equating to a 2% monetary gain. ARIIL has issued an additional 709,698 equity shares, bringing the total expanded capital to 3,619,457 equity shares. This de-merger involves the transfer of a 6.5-acre land parcel at I-land Wadala, with plans to develop a mixed-use project on the site. The intention behind the de-merger is to segregate the business related to the development of this mixed-use project into a separate company, namely Radha Raman Dev Ventures, which will be a 100% subsidiary.

Next Story
Infrastructure Urban

What Industry Wants!

The construction industry is gearing up for Budget 2025 with high expectations. As one of India’s key economic drivers, the sector is eagerly anticipating reforms and policies to address pressing challenges such as high input costs, funding gaps, and sustainability demands. Industry leaders across real estate, infrastructure, construction materials, and logistics have shared their wishlists, urging the government to focus on GST rationalization, increased CAPEX, and green initiatives.This year’s budget presents an opportunity for the government to not only tackle existing bottlenecks but a..

Next Story
Infrastructure Urban

Messe Stuttgart, Startup India Tie-Up to Boost Funding

The logistics market in India is poised for significant growth, with a projected revenue of $357.3 billion by 2030. Despite this huge potential, a recent McKinsey & Company report highlights the decline in logistics funding following the pandemic that remains a significant concern. After receiving unprecedented funding of $25.6 billion in 2021, venture capital investment in logistics startups fell sharply to $2.9 billion in 2023—a nearly 90 per cent decrease, marking the lowest since 2015. This pullback from investors is attributed to several factors, including high interest rates, a glo..

Next Story
Infrastructure Transport

JK Tyre Strengthens Road Safety Commitment

Reinforcing its unwavering commitment to road safety, JK Tyre & Industries, a leader in the tyre manufacturing industry, partnered with the Delhi Traffic Police to organise a comprehensive Road Safety Awareness Week. This initiative, held as part of National Road Safety Month (January 1–31, 2025) spearheaded by the Ministry of Road Transport and Highways (MoRTH), aimed to foster responsible driving habits and reduce road accidents. Under the theme ‘Sadak Suraksha Jeevan Raksha,’ the initiative commenced on January 16, 2025, at the Delhi Police Traffic Training Park, BKS. The program feat..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000