Ajmera Realty divests 36% stake in Ultra Tech Property Developers for ₹1.73 Cr
Ajmera Realty & Infra India Ltd divested its entire 36% equity stake in Ultra Tech Property Developers Private Limited for ₹1.73 Cr on July 10, 2026. The transaction, conducted with unrelated buyer Bloom Hotels and Living Private Limited, led to the entity ceasing to be an associate company. For FY26, the associate contributed 0% to consolidated turnover and 0.06% to consolidated net worth.
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Ajmera Realty & Infra India Ltd has sold its entire 36% equity stake in Ultra Tech Property Developers Private Limited for ₹1.73 Cr. The transaction, executed through a Share Purchase Agreement on July 10, 2026, resulted in the associate company ceasing to be part of the developer's consolidated entity. The buyer, Bloom Hotels and Living Private Limited, is unrelated to the promoter or promoter group, confirming the deal was conducted at arm's length and does not qualify as a related party transaction.
The disclosure was submitted to stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing references SEBI Master Circulars dated November 11, 2024, and January 30, 2026. The effective date of the share transfer aligned with the agreement date, concluding the divestment process.
Financial data for the financial year ended March 31, 2026, shows the associate company had a minimal impact on the listed entity's consolidated financials. Ultra Tech Property Developers reported a turnover of ₹485.68 Lakhs, which constituted 0% of the consolidated turnover. The net worth of the associate stood at ₹238.28 Lakhs, representing 0.06% of the consolidated net worth.
Transaction Details
| Particulars | Details |
|---|---|
| Stake Sold | 36% of equity share capital |
| Buyer | Bloom Hotels and Living Private Limited |
| Consideration | ₹1.73 Cr |
| Agreement Date | July 10, 2026 |
| Effective Date | July 10, 2026 |
| Related Party Transaction | No |
Historical Stock Returns for Ajmera Realty & Infra
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.86% | -0.24% | +13.71% | -27.90% | -26.44% | +137.81% |
How does Ajmera Realty plan to utilize the proceeds from this ₹1.73 Cr divestment?
Does this sale signal a broader strategy by Ajmera Realty to divest non-core or underperforming assets?
What are Bloom Hotels and Living's strategic intentions for acquiring Ultra Tech Property Developers?
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