
Business Update29 Aug 2024, 09:41 pm
Reetech International Cargo and Courier Ltd Enters Investment Agreement with A.I.M. Infrastructure
AI Summary
Reetech International Cargo and Courier Ltd has executed an investment agreement with M/s A.I.M. Infrastructure on August 29, 2024. The agreement is for investing in the development of the 'Schedule A' Property for the construction of flats and development of plots. The partner of AIM Infrastructure, Mr. Anil Kumar Harchandani, is the spouse of Mrs. Anita Harchandani, a promoter of Reetech international cargo and courier limited. However, the transaction is not a related party transaction and there is no potential conflict of interest arising out of the Agreement.
Key Highlights
- Reetech International Cargo and Courier Ltd enters investment agreement with A.I.M. Infrastructure
- Agreement for the development of the 'Schedule A' Property for constructing flats and plots
- Mr. Anil Kumar Harchandani, spouse of Reetech promoter, is partner of AIM Infrastructure
- Transaction is not a related party transaction
- No potential conflict of interest arising out of the Agreement