Setubandhan Infrastructure has received approval for divestment of 99.99% equity stake in subsidiary -- Bhumit Real Estate (BREPL). Revenue contributed by BREPL in company’s consolidated revenue (FY 2021-22) is nil and net worth contributed in consolidated net worth is -0.01%. Within One month Sale/disposal will be complete.
The Board of Directors in its meeting held on June 27, 2022 has considered the same.
Setubandhan Infrastructure is a construction company predominantly engaged in the business of infrastructure development and civil construction.
