AMJ Land Holdings has received approval for the proposed acquisition of 16,26,506 Zero Percent Non-Cumulative Redeemable Preference Shares of Pudumjee Plant Laboratories. The Company already holds 27.11% of the equity shares capital of Pudumjee Plant Laboratories.
The proposed acquisition is expected to cost the Company, an approximate around Rs 1.62 crore. The Board of Directors of the Company at its meeting held on January 24, 2019 has approved the same.
AMJ Land Holdings (formerly Pudumjee Pulp & Paper Mills) primarily engages in the development of real estate properties in India. The company operates through Real Estate, Power, and Others segments.