Bhartiya International has received National Company Law Tribunal’s (NCLT) approval to increase stake in Bhartiya City Developers. The company will now hold approximately 36.77% stake in Bhartiya City Developers (against 27.83% stake in Bhartiya Urban Infrastructure & Land Development Company).
The companies under real- estate vertical of Bhartiya Group had filed a Petition with the High Court of Madras for their merger. The Petition was later transferred to National Company Law Tribunal (NCLT) Chennai.
Bhartiya International is the largest manufacturer-exporter of leather apparel for men, women and children. The company presently specializes in leather and outer wear.
