Blueblood Ventures has received its board’s approval for the scheme of arrangement to demerge the real estate division of the company situated at New Delhi into Devoted Construction (formerly known as Devoted Construction), a wholly owned subsidiary of company with effect from May 31, 2016 subject to necessary approvals. The company’s board gave approval for the same at its meeting held on June 20, 2016.
BlueBlood Ventures is engaged in the trading of securities and related activities. It trades and invests in equity, derivatives, futures, and options, as well as other financial products, as well as in real estate and construction industries.