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Just Dial receives letter for allocation of land from Government of Karnataka

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Capital Market
Last Updated : Sep 30 2014 | 10:00 AM IST

To establish IT park at Devanahalli, Bangalore

Just Dial announced that the Company received a letter from the Government of Karnataka dated 26 September 2014 (the Letter) allotting 15 acres of land to the Company, on a leasehold basis for a period of 99 years, to establish an IT/ITES - BPO and Software Development Centre (IT Park) at Devanahalli Industrial Area in Bangalore.

The allotment of land to the Company is subject to various terms and conditions, including those related to payment of consideration and achievement of construction and other milestones for setting up the IT Park.

The Company is currently evaluating the Letter and is in the process of placing the proposal before the Board of Directors for consideration and approval.

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First Published: Sep 30 2014 | 9:32 AM IST

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