Omaxe Completes Divestment of Landlord Developers Private Limited

1 min read     Updated on 05 Aug 2025, 09:00 PM
scanxBy ScanX News Team
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Overview

Omaxe Limited has completed the divestment of its wholly-owned subsidiary, Landlord Developers Private Limited (LDPL), on August 5, 2025. Simultaneously, Omaxe's subsidiary, Omaxe New Chandigarh Developers Private Limited, received RERA registration for its 'World Street West Zone' project in New Chandigarh, Punjab. The RERA registration, valid until December 11, 2029, allows the company to sell and advertise the commercial project.

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*this image is generated using AI for illustrative purposes only.

Omaxe Limited has announced the completion of its divestment of Landlord Developers Private Limited (LDPL), marking a significant move in its corporate strategy. The company confirmed the finalization of the transaction in a regulatory filing to the stock exchanges on August 5, 2025.

Divestment Details

Omaxe has sold its entire 100% equity shareholding in LDPL, which was previously a wholly-owned subsidiary of the company. The sale was executed on the same terms and conditions as disclosed in earlier intimations to the stock exchanges. As a result of this transaction, LDPL has ceased to be a subsidiary of Omaxe Limited effective August 5, 2025.

Background of the Transaction

The divestment process was first announced on March 28, 2025, with subsequent updates provided on June 2 and July 31, 2025. This strategic move aligns with Omaxe's ongoing efforts to streamline its operations and optimize its corporate structure.

Other Corporate Developments

In a separate announcement on the same day, Omaxe revealed that its wholly-owned subsidiary, Omaxe New Chandigarh Developers Private Limited, has received a RERA (Real Estate Regulatory Authority) Registration Certificate for one of its projects. The project, named 'World Street West Zone,' is located in New Chandigarh, Tehsil Kharar, District SAS Nagar, Punjab.

RERA Registration Details

Item Details
Project Name World Street West Zone
Launch Date August 6, 2025
Category Commercial (Built-up)
Market Domestic & International
RERA Registration Number PBRERA-SAS80-PC0370
Validity Until December 11, 2029 (unless extended)

The RERA registration is expected to enhance the project's credibility, ensure timely delivery, and foster trust with buyers by guaranteeing transparency and legal protection. This approval enables Omaxe New Chandigarh Developers Private Limited to sell, transfer, or advertise the project, potentially strengthening Omaxe's brand value and positively impacting its consolidated financial performance.

These developments underscore Omaxe's commitment to strategic growth and regulatory compliance in the real estate sector. Investors and stakeholders will likely keep a close watch on how these moves affect the company's future performance and market position.

Historical Stock Returns for Omaxe

1 Day5 Days1 Month6 Months1 Year5 Years
-1.64%-2.91%-10.99%+2.26%-25.61%+28.60%

Omaxe Extends Subsidiary Sale Completion Date to August 14, 2025

1 min read     Updated on 31 Jul 2025, 08:59 PM
scanxBy ScanX News Team
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Overview

Omaxe Limited has announced an extension of the expected completion date for selling its wholly owned subsidiary, Landlord Developers Private Limited, to August 14, 2025. This update was disclosed in a regulatory filing, with no other changes to the previously announced terms of the sale. The company has made this information available on its website and the National and Bombay Stock Exchange websites, in compliance with SEBI regulations.

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*this image is generated using AI for illustrative purposes only.

Omaxe Limited , a prominent real estate developer, has announced an extension to the expected completion date for the sale of its wholly owned subsidiary, Landlord Developers Private Limited. The company now anticipates finalizing the divestment by August 14, 2025, as per the latest regulatory filing.

Extended Timeline

In a disclosure to the stock exchanges, Omaxe Limited stated that the timeline for the sale of its 100% equity shareholding in Landlord Developers Private Limited has been pushed back. This announcement follows previous communications made by the company on March 28, 2025, and June 02, 2025, regarding the same divestment process.

No Other Changes

The company emphasized that apart from the extension of the completion date, there are no other alterations to the earlier disclosures submitted. This suggests that the terms and conditions of the sale remain unchanged, with only the timeline being affected.

Regulatory Compliance

The intimation was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed entities to disclose any material events or information to the stock exchanges promptly.

Transparency Measures

Omaxe Limited has ensured transparency by making this information available on multiple platforms. The company stated that the details of this extension would be accessible on:

This extension in the divestment timeline for Landlord Developers Private Limited may have implications for Omaxe Limited's strategic plans and financial outlook. Investors and stakeholders will likely keep a close watch on further developments regarding this subsidiary sale as the new target date approaches.

Historical Stock Returns for Omaxe

1 Day5 Days1 Month6 Months1 Year5 Years
-1.64%-2.91%-10.99%+2.26%-25.61%+28.60%
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