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Emami Infrastructure plans to merge realty arm with Zandu Realty

19 Aug 2011

Emami Infrastructure is planning to merge its subsidiary Emami Realty with the realty arm of Zandu Pharmaceuticals. Emami Group plans to merge Zandu Realty, Emami Realty and Emami Infrastructure together, to bring all its real estate businesses under one roof.

Emami Infrastructure was incorporated on objective of undertaking business of real estate developments and related activities. Pursuant to the scheme, the company has been vested with the real estate undertaking, as defined under the scheme, comprising inter-alia equity shares in Emami Realty and Zandu Realty (formerly The Zandu Pharmaceuticals Works) which are engaged in business in the real estate and infrastructure development sector. The company is involved in real estate and infrastructure development through its equity shareholding in the aforesaid companies.

Related Emami Realty Ltd. Links:

Emami Realty Share Price

56.80 -0.15 (-0.26%) Jun 18, 13:49
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323