Investment30 May 2026, 03:02 pm
RDB Real Estate to Invest 74% in Avanir Wellness Resorts
AI Summary
RDB Real Estate Constructions Ltd's board approved a 74% equity investment in the proposed company, Avanir Wellness Resorts Private Limited. The board also approved audited financial results for the quarter and year ended March 31, 2026, re-appointed M/s Garg Narender & Co. as internal auditor, and approved the sale of shares in RDB Raipur Hotels Private Limited to Gupta Infrastructure (India) Private Limited.
Key Highlights
- RDB Real Estate will invest 74% in Avanir Wellness Resorts Private Limited.
- Audited financial results for FY26 were approved by the board.
- Garg Narender & Co. re-appointed as internal auditor for FY 2026-27.
- Company to sell shares of RDB Raipur Hotels to Gupta Infrastructure.
- Meeting commenced on May 29, 2026, and concluded on May 30, 2026.
Price Impact
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