Prozone CSC to List on BSE, NSE As Independent Entity

By PTI   |   Tuesday, September 11, 2012
Print Email

New Delhi: Real estate player Prozone CSC, which was earlier a subsidiary of Provogue India , said the company will be listed on NSE and BSE tomorrow as an independent entity.
Prozone CSC has gone through the demerger process duly approved by the Mumbai High Court and is scheduled to be listed as a separate entity on the BSE and NSE on September 12, Prozone CSC said in a statement.
Prior to the demerger, Provogue held 75 per cent stake in the Prozone CSC, while Capital Shopping Centres Group Plc, UK held 25 per cent stake.
Following the demerger Provogue promoters will hold 35.08 per cent and Capital Shopping Centers (CSC) will hold 32.38 per cent stake in the demerged company Prozone CSC and the remaining holding will rest with public, it added.
"We are designing Prozone CSC to become India's leading developer, owner and manager of high quality shopping centres focused on India's emerging new urban cities. We will complement our retail schemes with adjacent mixed-use developments to facilitate the business model," Prozone CSC Managing Director Nikhil Chaturvedi said.
The company has a land bank of 17.8 million sq ft in markets such as Aurangabad, Coimbatore, Nagpur, Indore, Jaipur and Mysore with four of its projects in advanced stage of execution, he added.

Write your comment now
 

New Launch Projects

Looking for property to buy????
Let us know your property requirement:
Name
Contact No
Email id
Requirement
 
We will help you find the right property
Break language barriers while in India with reliable electronic translators and detailed dictionary books.
SiliconIndia About Us   |   Contact Us   |   Help   |   Community rules   |   Advertise with us   |   Sitemap   |  
News:       Technology   |   Enterprise   |   Gadgets   |   Startups   |   Finance   |   Business   |   Career   |   Magazine  |   Newsletter   |   News archive  
Cities:        CEO   |     Startup   |   Mobile   |   CIO   |   Women   |   BI   |   HR   |   SME   |   Cloud   |   Marketing   |   QA   |   Java   |   Web Developer  
Community:      Members   |   Blogs   |   Indian Entrepreneurs   |   Gyan   |   Advice   |   Community   |   Find   |   Events   |   CXO Insights  
Job Board:      Jobs   |   Freshers   |   Companies   |   HR Speak   |   Forum  
Online Courses:   Web Developer   |   Java Developer   |   CCNA Training   |   SEO   |   SAS   |   SQL Server 2005   |   J2EE
Education:   MBA   |   MCA   |   Engineering   |   Training Institute
Life:          Real Estate   |   Travel   |   Finance   |   Gadgets   |   Movie Reviews   |    Jokes  
Send your feedback and help us continue to improve SiliconIndia
© 2014 InfoConnect Web Technologies India Pvt Ltd. all rights reserved