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Kings Infra Ventures enters into agreement for Business Takeover

07 May 2018 Evaluate

Kings Infra Ventures has entered into the agreement for Business Takeover on May 4, 2018, executed between the company and SBJ Holdings.

Pursuant to the agreement, SBJ Holdings is transferring the Business as a going concern on Slump Sale basis to Kings Infra Ventures and the company is acquiring the business of aquaculture and allied businesses with effect from May 4, 2018.

The business of SBJ Holdings transferred under the agreement, shall enable the company to look at further expansion of operations in that geography.

Kings Infra Ventures, the flagship of the Group was founded in the year 1987. After transformation in 2007, Kings Infra has emerged as a leading player in the field of land banking and creating infrastructure for projects in the key sectors of integrated life spaces, lifespaces, logistics, warehousing, hospitality, healthcare, education and clean energy.

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