AMJ Land Holdings has received approval from board of directors to invest/subscribe in additional equity shares of AMJ Realty -- wholly owned subsidiary of the company to the extent of Rs 95 lakh in phased manner. AMJ Realty is in real estate business. Equity shares of AMJ Realty will be acquired at face value of Rs 10 per share.
AMJ Land Holdings currently is in its core business of Real Estate Development at Pune in Maharashtra.