Approves incorporation of a wholly owned subsidiary for real estate PPP projects
Omaxe Ltd has approved incorporating a wholly owned subsidiary in India for real estate-related activities, particularly PPP projects.
By ScoutQuest · · 2 min read
- Equity Shares Subscribed
- 10,000 equity shares of Rs. 10/- each
- Investment Amount
- Rs. 1,00,000/-
- Ownership Stake
- 100% of the equity capital
The company has informed the exchanges that it has approved the incorporation of a wholly owned subsidiary in India.
What the proposed entity will do
- Industry: Real Estate.
- The proposed entity will undertake real estate-related activities, particularly projects under the Public-Private Partnership (PPP) model.
- Country of incorporation: India.
- The name of the proposed entity is yet to be reserved and approved by the Registrar of Companies (ROC), Ministry of Corporate Affairs (MCA).
- The date of incorporation will be confirmed upon completion of the incorporation process.
Ownership and money involved
- Omaxe Ltd, the listed entity, will be the holding company, and the proposed entity will be a wholly owned subsidiary.
- Subscription of 10,000 equity shares having face value of Rs. 10/- each, representing 100% of the total equity share capital.
- This aggregates to Rs. 1,00,000/- (Rupees One Lakh only), to be paid through a banking channel.
- The company will hold 100% of the equity share capital of the proposed entity upon subscription to and allotment of the said shares.
Approvals and structure
- The Registrar of Companies (ROC), Ministry of Corporate Affairs (MCA), is the authority whose approval is required for the incorporation.
- The entity is being set up as a subsidiary, so its accounts would sit under Omaxe Ltd as the holding company.
How to read this
- This is an intimation of a proposal to set up a new company, not the completion of a transaction. The name, the date of incorporation and the actual allotment of shares are still to follow.
- The stated commitment is 10,000 equity shares of face value Rs. 10/- each, i.e. Rs. 1,00,000/- in total, for the entire equity capital of the new entity.
- The stated purpose is real estate work, with a specific focus on projects under the Public-Private Partnership (PPP) model.
Also from Omaxe
Consolidated results for the quarter ended 30.09.2026
27 Oct 2026
Board approved unaudited Q2 and half-year results; auditors' limited review finds no material misstatement
27 Oct 2026
Board meeting on 27 October 2026 to approve September quarter and half-year results
23 Oct 2026
More numbers
- Equity shares to be subscribed in the proposed entity10,000 equity shares
- Face value per equity shareRs. 10/-
- Total subscription amountRs. 1,00,000/-
- Shareholding held by Omaxe Ltd in the proposed entity100%
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