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Outcome of board meeting of VKJ Infradevelopers

Capital Market 

Held on 14 July 2017

The Board of Directors of VKJ Infradevelopers at its meeting held on 14 July 2017 transacted the following -

Approved to raise funds through preferential issue of equity shares.

Approves acquisition of 100% stake in the Company to make it wholly owned subsidiary, having a land spread in 6 acres area covered under land poling policy notified by the Ministry of Urban Development and to start construction involving cost around Rs 120 crore.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, July 14 2017. 13:11 IST