GEE provides update on IT Park project

GEE announced that due to adverse situation and challenges faced by the Company in IT Park Project, the Management was of view to identify any alternative/ substitution/ modification/ cancellation of memorandum of understanding (agreed terms) which was executed with Cliff Conwell LLP on 05 January, 2017 for development of IT Park Project at Thane Plant. Accordingly, the management has decided to terminate the agreed terms by execution of the Cancelation Deed with Cliff Conwell LLP.

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