Partnership18 Mar 2025, 10:59 pm
MRO-TEK Realty Ltd Enters Partnership with Indra Hotels for Real Estate Project in North Bangalore
AI Summary
MRO-TEK Realty Ltd has entered into a partnership with Indra Hotels (Mysore) Private Limited for a real estate project in North Bangalore. The partnership, which will operate as a Special Purpose Vehicle (SPV), will involve a 66.66% and 33.34% share exchange ratio. The project will be developed on an area of land, building, structures, and will be equipped with all necessary amenities. The registered and corporate office of the partnership is located at No.6, New BEL Road, Chikkamaranahalli, Bangalore - 560 054. The size of the entity is approximately Rs. 20 Crores. The rationale behind this partnership is the development of real estate properties and gains therefrom.
Key Highlights
- MRO-TEK Realty Ltd has entered into a partnership with Indra Hotels (Mysore) Private Limited
- The partnership will operate as a Special Purpose Vehicle (SPV)
- The project will be developed on an area of land, building, structures
- The registered and corporate office of the partnership is located at No.6, New BEL Road, Chikkamaranahalli, Bangalore - 560 054
- The size of the entity is approximately Rs. 20 Crores
- The rationale behind this partnership is the development of real estate properties and gains therefrom