Neo Infracon Invests ₹354,000 in Rubberwala & Neo Venture

Neo Infracon Limited's Board of Directors has approved an investment of ₹354,000 in the partnership firm "M/S. Rubberwala & Neo Venture". This investment will grant Neo Infracon a 54% share, making it a partner in the firm for Real Estate Business. The transaction is considered a Related Party Transaction as promoter group members hold a 70% interest in the target firm. The company assures that the investment is on an arm's-length basis and in the ordinary course of business, with terms deemed fair and reasonable. The partnership firm, established in 2008, focuses on property redevelopment in Tardeo, Mumbai.