Simplex Realty Incorporates New Builder Subsidiary; Shares Rise 4%

MT Newswires Live

2025/03/27

Simplex Realty (BOM:503229) said the Ministry of Corporate Affairs approved the incorporation of its wholly owned subsidiary, Simplex Modern Homes, on March 25.

The new unit, incorporated as a special-purpose vehicle, will be involved in real estate activities.

It will operate as builders, real estate developers, and general construction contractors, according to a BSE filing on Wednesday.

Shares of the company were up 3.5% in recent trading.

Price (INR): ₹230.00, Change: ₹+7.7, Percent Change: +3.46%

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