Board of Prime Urban Development India approves acquisition of New Line Buildtech

At meeting held on 21 June 2017

The Board of Prime Urban Development India at its meeting held on 21 June 2017 has agreed to acquire 58,02,925 Equity Shares of Rs. 10/- each at a premium of Rs. 60.71/- per share constituting 100% of the paid up equity share capital of New Line Buildtech ('NLBPL'), a Private Limited Company incorporated under the Companies Act, 1956. NLBPL will become a wholly owned subsidiary of PUDIL as and when the share acquisition/transfer process is completed.

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