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AJR Infra and Tolling’s arm enters into MoU to acquire stake in SMDPL

17 May 2022 Evaluate

AJR Infra and Tolling’s step-down wholly-owned subsidiary -- Ras Cities and Townships (RCTPL) has entered into a Memorandum of Understanding (MoU) on May 13, 2022 with the Promoters of Sony Mony Developers (SMDPL) to acquire 10,000 equity shares of Rs 10 each of SMDPL, being 100% of total paid-up capital of SMDPL.

Upon completion of the said acquisition, SMDPL shall become a step-down wholly-owned subsidiary of the company. The acquisition will provide RCTPL entry into real estate development. 

AJR Infra and Tolling (AJRITL) is an infrastructure project development company incorporated by Gammon India Limited, to participate in the development of infrastructure projects on a public private partnership (PPP) basis.

AJR Infra and Toll Share Price

0.68 0.00 (0.00%)
03-Oct-2023 18:03 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 4076.00
Rail Vikas Nigam 283.30
NCC 155.65
KEC International 568.65
Kalpataru Projects 1210.75
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