Omaxe subsidiary Dinkar Realcon sells 40% stake in Aquarise for ₹7.84 lakh
- Dinkar Realcon sold its entire 40% stake in Aquarise Developers for ₹7.84 lakh
- Shares were sold to Mr. Bhupendra Singh and Mrs. Manju Singh at ₹196 per share
- Transaction is a related party deal conducted on an arm's length basis
- Aquarise contributed Nil revenue and net worth to Omaxe in the last financial year

*this image is generated using AI for illustrative purposes only.
Omaxe 's step-down wholly owned subsidiary, Dinkar Realcon Private Limited, has sold its entire 40% equity shareholding in Aquarise Developers Private Limited for a total consideration of ₹7.84 lakh. The transaction was executed on October 1, 2026.
The sale involved 4,000 equity shares with a face value of ₹10 each. These shares were sold at a price of ₹196 per equity share. The buyers were Mr. Bhupendra Singh and Mrs. Manju Singh, who are associated with the promoter group.
Transaction details
The following table summarises the key details of the divestment as disclosed in the regulatory filing:
| Parameter | Details |
|---|---|
| Selling entity | Dinkar Realcon Private Limited |
| Parent company | Omaxe Limited |
| Target entity | Aquarise Developers Private Limited |
| Stake divested | 40% (entire holding) |
| Total consideration | ₹7,84,000 |
| Price per share | ₹196 |
| Date of agreement | October 1, 2026 |
| Expected completion | October 1, 2026 |
Consequent to this transaction, Aquarise Developers Private Limited ceases to be an associate company of Dinkar Realcon Private Limited.
Buyer profile and related party status
The shares were distributed between two individual buyers:
- Mr. Bhupendra Singh: Purchased 3,900 equity shares for a consideration of ₹7,64,400. He is a director of subsidiary companies of Omaxe Limited.
- Mrs. Manju Singh: Purchased 100 equity shares for a consideration of ₹19,600. She is the spouse of Mr. Bhupendra Singh.
The transaction falls within the ambit of a related party transaction for Dinkar Realcon. The company stated that the deal was undertaken on an arm's length basis.
Financial impact
According to the disclosure, the amount and percentage of turnover, revenue, income, and net worth contributed by Aquarise Developers to the listed entity during the last financial year were reported as Nil. Consequently, the divestment is not expected to have a material impact on Omaxe's consolidated financial performance.
Historical Stock Returns for Omaxe
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.89% | -11.65% | -17.43% | +66.71% | +37.44% | +40.18% |
What strategic rationale does Omaxe cite for divesting its entire stake in Aquarise Developers despite the transaction's minimal financial impact?
How will the shift of ownership to promoter group members affect the governance structure and future capital allocation decisions for Aquarise Developers?
Does this related party transaction signal a broader trend of Omaxe simplifying its subsidiary structure by offloading non-core or dormant entities?


































