Vascon Engineers (VEL) has sold its 43.34% shareholding held in Cosmos Premises (CPPL), an Associate Entity, to Royal Orchid Hotels, along with 6.66% shareholding in CPPL held by certain promoter’s related persons/ entities. CPPL thus ceases to be an associate company of VEL.
Vascon Engineers is one of the leading Construction Engineering Company in India with presence in Real Estate business having an asset light model and Clean Room Partition manufacturing business.