Dhanada Corporation has received an approval for investment in the securities of Vihanta Energy Technologies by way of subscription, purchase or exchange of shares with a purpose to acquire controlling stake in the company and give loans and / or guarantees in connection with loan(s) given by any other person to the said company, in one or more tranches, within the limits approved by the shareholders of the company.
The board at its meeting held on February 09, 2013 has approved for the same. The board has also authorized the Chairman and Managing Director, to decide the quantum and other terms and conditions with regard to the investment in the said company.
Dhanada Corporation is engaged in the hospitality business with a Five Star hotel in Aurangabad.
