Promoters of Ajmera Realty & Infra India Ltd (ARIIL) unpledged 17,00,000 shares i.e. 4.7% of the total outstanding shares. Buoyant to achieve the goal of 5x growth by 2025, Ajmera Realty & Infra India Ltd is taking major strides towards the same direction. The company achieved a debt reduction of INR 58 crore during Q1FY25 that has showcased a significant yet sustained growth momentum. This moves to unpledged the shares will further strengthen the brand’s perception among existing and potential stakeholders.
Commenting on the same, Dhaval Ajmera, Director, Ajmera Realty & Infra India Ltd, said, “This is a major strategic step towards reducing the company’s debt and thereby, intensify our focus on holistic growth. This move will empower us with trust from the investors’ community, thereby opening up further opportunities to do business collaborations. Overall, we are bullish about our vision growth and look forward to delivering a stellar performance every quarter.”
