Mumbai, April 16 -- According to the exchange filing, the company will invest Rs 1 lakh to acquire 10,000 equity shares of Rs 10 each at par in Probliss Realty, a private entity incorporated on 24 November 2022, with a paid-up share capital of Rs 1 lakh.

Probliss Realty operates in the construction, development, and real estate business. The purpose of the acquisition is to utilize the company for prospective projects or future business opportunities.

The company stated that the acquisition will be completed within 10 days, after which Prozone Realty will hold 100% shareholding, making Probliss a wholly-owned subsidiary.

Probliss has an authorized capital of Rs 10 lakh, divided into 1,00,000 equity shares of Rs 10 each. Following the t...