Subsdiary Autoline Industrial Parks executes MoU with Poddar Habitat
Autoline Industries announced that Autoline Industrial Parks, a Subsidiary of Autoline Industries, has executed a Memorandum of Understanding (MOU) with Poddar Habitat (subsidiary of Poddar housing and Development) on 22 August 2017 to discuss modalities for developing a Township Project, on approved Special Township Scheme at its 104 Acre land located at Chakan, Pune (Maharashtra).The Company earlier had entered with potential developer into a non-binding Memorandum of Understanding for having without prejudice discussions with respect to jointly develop the said township project. Since the parties could not reach mutually acceptable terms and no satisfactory agreement was arrived at, the Company decided to discontinue the without prejudice discussions with said developer.
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