Satra Properties arm divests 49% stake in Satra Realty and Builders

Satra Properties India’s wholly owned subsidiary – Satra Property Developers, has divested its 49% stake in Satra Realty and Builders, its wholly owned subsidiary. The share purchase agreement is executed on March 20, 2017.

“Satra Property Developers Private Limited Wholly Owned Subsidiary of the Company has divested its 49% stake in Satra Realty and Builders Limited its Wholly Owned Subsidiary” said the company in a filing to the Bombay Stock Exchange.

The share purchase agreement is executed on March 20 2017.

Satra Properties India is a real estate development company in India and its primary business is the development of commercial, retail, hotel and residential properties.

Meanwhile shares of the company were trading at Rs 5.55 apiece up 2.78 per cent from the previous close at 12:38 hours on BSE.

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