VKJ Infradevelopers has informed about board meeting on Friday 14th July, 2017 to increase in the Authorised Share Capital of the Company and consequent alteration in the capital of the Company; to raise the funds through preferential Issue as discussed in the Board Meeting held on 27th June,2017; If agenda 1 & 2 are approved, then other consequential matter thereto; and to Acquire a 100% stake in the Company to make it a Wholly Owned Subsidiary Company, having a land spread in 6 acres area covered under land poling policy notified by the Ministry of Urban Development and to start construction involving cost around Rs 120 Crores.
The above information is a part of company’s filings submitted to BSE.
