Peninsula Land to acquire three real estate and construction firms

Peninsula Land has entered into a Securities Purchase Agreement to acquire 86% of the Equity Shares of Rockfirst Real Estate thereby making it a wholly-owned subsidiary of the Company. Further the Company has also, through its wholly-owned subsidiary Peninsula Holding and Investment (PHIPL) entered into Securities Purchase Agreements to acquire 86% Equity shares of Goodhome Realty and Truewin Realty thereby making them step-down wholly-owned subsidiaries of the Company.

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