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Board of Max Ventures and Industries approves investment of Rs 90 crore in Max Estates

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Capital Market
Last Updated : May 03 2017 | 7:13 PM IST

At meeting held on 03 May 2017

Max Ventures and Industries announced that the Board of Directors of the company at its meeting held on 03 May 2017 has approved an investment of Rs 90 crore in its subsidiary Max Estates.

Max Estates has acquired the 100% of the share of Wise Zone Builders (Wise Zone). Wise Zone has sub-lease of approximately 3352 sq. mts of land situated at Noida and is in process of construction and development of commercial built up area. The proposed funding shall be, inter alia, utilised by Wise Zone for its project.

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First Published: May 03 2017 | 6:53 PM IST

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