Omaxe incorporates a wholly owned subsidiary for real estate PPP projects
- Mergers & acquisitions
- Construction
Omaxe (NSE: OMAXE) has approved the incorporation of a wholly owned subsidiary to undertake "real estate-related business, particularly projects under the Public-Private Partnership (PPP) model", and will subscribe ₹1 lakh of its equity, it said in a filing on 26 Oct 2026. The subsidiary's name is yet to be reserved and its incorporation date is still to be confirmed.
What the subsidiary will do and how it is capitalised
The subsidiary will be incorporated in India as a wholly owned subsidiary of Omaxe Limited, the listed entity, and will undertake real estate-related business, particularly projects under the PPP model.
Sign up to continue reading
Create a free account to read the rest of this article and the analysis that follows.
Disclaimer:
The information available on this article is provided for education and informational purposes only. It does not constitute or provide financial, investment or trading advice and should not be construed as an endorsement of any specific stock or financial strategy in any form or manner. We do not make any representations or warranties regarding the quality, reliability, or accuracy of the information provided. This website may contain links to third-party content. We are not responsible for the content or accuracy of these external sources and do not endorse or verify the information provided by third parties. We are not liable for any decisions made or actions taken based on the information provided on this website.
