SSPDL to acquire 49% stake in ‘SSPDL Interserve’ from Interserve Holdings

25 Jul 2013

SSPDL has received an approval to acquire 49% shares in its subsidiary company - SSPDL Interserve from Interserve Holdings, UK. The board of director at its meeting held on July 24, 2013 has approved for the same in compliance with applicable Laws.

Interserve Holdings, UK held 49% shares in SSPDL Interserve and has expressed its desire to exit from construction business in India as better opportunities are available internationally to them. Further, they proposed to the company to purchase the shares held by them in SSPDL Interserve.

SSPDL is a leading infrastructure and real estate development company in South India. SSPDL is primarily developing commercial (IT Parks, Shopping Malls, Hotel Projects, Service Apartments etc) and Residential properties (Gated Communities, Villas, Apartments and Serviced Plots) all over south India for more than 15 years.

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