CREST VENTURES LIMITED - 511413 - Announcement under Regulation 30 (LODR)-Diversification / Disinvestment
Further to the intimation dated February 19, 2022 and pursuant to Regulation 30 of the SEBI Listing Regulations and receipt of requisite approvals, Crest Ventures Limited ('Crest') along with its wholly owned subsidiary, i.e., Escort Developers Private Limited ('Escort') has liquidated its entire stake being 38,49,058 (Thirty Eight Lakhs Forty Nine Thousand Fifty Eight) Equity Shares constituting 50% (fifty per cent) of the Paid Up Equity Share Capital of Classic Mall Development Company Limited ('CMDCL') for an aggregate consideration of INR 936 Crores to The Phoenix Mills Limited ('PML') and the necessary transfer of shares has been executed on May 05, 2022.05-05-2022