Lancor Holdings has informed that a meeting of the board of directors of the company will be held on November 27, 2012, to consider, Loan to the wholly owned subsidiary, M/s. L & T Commercial Projects. Further, the board of directors of the company at their meeting held on November 09, 2012 had approved the acquisition of 100% stake in M/s. L & T Commercial Projects, from M/s. L & T Urban Development , a step down subsidiary of M/s. L&T .
The above information is a part of company’s filings submitted to BSE.