Deals28 Oct 2024, 07:00 pm
NEO INFRACON LTD. Enters Construction Contract with Neo Builders & Developers for 76,515 Sq. ft. Residential Apartment in Mumbai
AI Summary
NEO INFRACON LTD., previously known as Anuvin Industries Limited, has entered into a construction contract with Neo Builders & Developers. The agreement is for constructing a residential apartment of 76,515 square feet in South Mumbai. This contract is an 'arm length' transaction, and there are no related party transactions involved. The agreement does not provide any special rights to Neo Builders & Developers, such as the right to appoint directors or first right to share subscription. The transaction is not applicable to the Master Circular on disclosure of material events/information by listed entities under Regulation 30 of the LODR Regulations.
Key Highlights
- NEO INFRACON LTD. has entered into a construction contract with Neo Builders & Developers for a residential apartment in South Mumbai.
- The contract is for constructing an area of 76,515 square feet.
- The transaction is an 'arm length' transaction with no related party transactions involved.
- Neo Builders & Developers do not have any special rights in the agreement, such as the right to appoint directors or first right to share subscription.
- The agreement is not applicable to the Master Circular on disclosure of material events/information by listed entities under Regulation 30 of the LODR Regulations.