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Orbit Corporation to acquire Mazda Construction Company

17 Aug 2012

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.

Related Orbit Corporation Ltd. Links:
1 Year Price Chart
Company Name CMP
Dilip Buildcon 554.05
NBCC (India) 54.35
Sobha 499.20
JMC Projects (India) 111.85
Prestige EstatesProj 282.25
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323