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Patel Integrated Logistics informs about updates on outcome of board meeting

10 Feb 2016 Evaluate

Patel Integrated Logistics has informed that the Board of Directors of the Company at its meeting held on February 09, 2016, has approved the plan for formation of new subsidiary Company which will be through proposed joint venture and with capital contribution of approx. up to Rs 20-25 crore to carry specific business of logistic services of e-commerce related delivery of online products.

The above information is a part of company’s filings submitted to BSE.

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