Man Infraconstruction (MICL) has increased its equity ownership in its associate company, Atmosphere Realty (ARPL), by acquiring an additional 12.5% stake. As a result, MICL has increased its equity holding in ARPL from the previous 17.5% to a significant 30%. This acquisition was completed for a cash consideration of Rs 12.5 crore. The object of acquisition is to carry out business of Real Estate Development and other lawful activities.
Man Infraconstruction is an India-based company engaged in the business of civil construction. The company’s operations consist of construction / project activities/real estate activities.
