Deals26 Jun 2024, 12:04 am
Nimbus Projects Ltd. to Act as Development Manager and Bring in Financer for Supertech Limited's UP Country Project with Rs. 100 Crore Investment
AI Summary
Nimbus Projects Ltd. has submitted a Letter of Intent to act as Development Manager and bring in a financer for Supertech Limited's UP Country project. The financer will infuse a sum of up to Rs. 100 Crore (Rupees One Hundred Crores Only) for completing the project. Nimbus Projects Ltd. will charge a fee of 20% on gross revenue for acting as a development manager. The tenure of the agreement is 4 years.
Key Highlights
- Nimbus Projects Ltd. to act as Development Manager for Supertech Limited's UP Country project.
- Financer to invest up to Rs. 100 Crore in the project.
- Nimbus Projects Ltd. to charge a fee of 20% on gross revenue for development management services.
- The agreement has a tenure of 4 years.