Signs MoU with Shrem Infraventure for investment of 49% in SPV
Dilip Buildcon has signed an MOU with Shrem Infraventure (the Investor) who will invest 49% of the Equity Share Capital in the SPV to be incorporated for the Tuljapur - Ausa Road Project and that the company will hold the remaining 51% stake in said SPV. Further, on completion of two years from the Commercial Operation date of the project, the investor will acquire 100% stake of the SPV i.e. 51% stake held by Dilip Buildcon will also be acquired by the Investor and the Company will hand over the project to the Investor for operation.Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
