Orbit Corporation has accepted the recommendation of acquisition committee to make Mazda Construction Company as a subsidiary. Earlier, the company received an approval whereby the board at its meeting held on February 28, 2012, discussed and considered the acquisition of Mazda Construction Company.
Orbit Corporation pursues redevelopment opportunities in the Island city of Mumbai. The company has developed properties spanning over 1.5 million square feet worth several hundred crore, in the prime areas of south Mumbai like Babulnath, Tardeo, Worli, Prabhadevi, Gamdevi.
