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Shriram Properties is a part of Shriram Group.They are one of the leading residential real estate development companies in South India primarily focused on the mid-market and affordable housing categories.
Shriram Properties Limited has informed the Exchange regarding 'Disclosure under Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015'.
Shriram Properties' promoter, Aurum RealEstate Developers, reduced its stake by selling 1,00,000 equity shares via market transaction for ~₹0.90 Cr. Post-sale, the promoter's holding stands at 13.21%, a 0.06% decrease.
For the quarter ended December 31, 2024, Shriram Properties Limited reported consolidated total income of ₹17,987 crore, a decrease of 25.4% from ₹24,057 crore year-over-year. The decline can be attributed to reduced revenues from operations, which stood at ₹12,119 crore, down from ₹22,121 crore previously, likely reflecting market conditions and...
The company has signed a definitive agreement for the sale of its wholly-owned subsidiary, SPL Shelters Private Limited, with an enterprise value of ₹93 Cr (including equity and outstanding debts). The subsidiary's contribution to the consolidated revenue and net worth of Shriram Properties is minimal, each being less than 1%...
The Board of Directors of Shriram Properties Limited has approved the sale of securities held in its wholly-owned, non-material subsidiary, SPL Shelters Private Limited. They have authorized key executives to negotiate and finalize the transaction. This divestment may streamline operations and potentially enhance capital allocation towards more strategic initiatives. As...