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Zandu Realty enters into supplemental agreement with Sheth Corp

17 Apr 2012 Evaluate

Zandu Realty has entered into a supplemental agreement with Sheth Corp (SCPL), Mumbai in respect of the development agreement which was entered into by the company on September 09, 2011 with SCPL for development of residential housing complex on its land situated at 70, Gokhale Road (South), Dadar in Mumbai.

Further, as per the terms of this supplemental agreement an industrial building(s) will be constructed on the said land instead of residential housing complex.

Zandu Realty operates as a real estate company in India. It intends to construct commercial and/or residential complexes on rental/sale basis in Mumbai. The company was formerly known as The Zandu Pharmaceutical Works and changed its name to Zandu Realty in January 2010.

Peers
Company Name CMP
Sun Pharma Inds. 1665.30
Dr. Reddys Lab 1219.70
Cipla 1239.30
Zydus Lifesciences 932.80
Lupin 2307.20
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