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Oricon Enterprises inks term sheet with IIL

11 Apr 2018 Evaluate

Oricon Enterprises has executed a non binding term sheet with Indiabulls Infraestate (IIL), a subsidiary of Indiabulls Real Estate, for execution of definitive agreements for joint development of company’s land, admeasuring about 3,512 square metres, situated at Worli in Mumbai.

Upon execution of definitive agreements, the company will get exclusive ownership rights of approximately 1.09 lakh square feet leasable area.

Oricon Enterprises is engaged in the business of manufacturing petrochemical products and developing real estate.

Peers
Company Name CMP
Uflex 612.80
EPL 236.30
AGI Greenpac 750.45
Huhtamaki India 225.50
TCPL Packaging 4484.50
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