Merger/Acquisition
Majestic Auto Ltd: Sale of SHPL Securities
Majestic Auto Ltd transferred all securities of Sharan Hospitality Pvt Ltd (equity, NCDs, bonus redeemable preference shares) to NovumLake Property Fund and 360 ONE Real Assets Advantage Fund for ₹105,42,80,536; SHPL repaid ICD of ₹29,28,00,000; pre-tax gain ~₹29,28,00,000 and SHPL ceased to be a wholly owned subsidiary.




