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Nimbus Projects plans to acquire Delhi based Private Company

18 Mar 2014 Evaluate

Nimbus Projects is planning to acquire 100% equity shareholding of one of the Delhi based Private Company. Consequently, the Private Company shall turn out to be the subsidiary of the Company. Accordingly, meeting of the Board of Directors will be held on March 27, 2014 for considering the matter of acquisition and other related / associated matters.

Nimbus Projects has been engaged in real estate business and also providing real estates consultancy as Special Purpose Vehicle/ Joint Venture/ Collaboration in relation to integrated townships, Group Housing Multiplexes ,Hotels ,Resorts, IT parks, Bio- Tech parks  and SEZ’s.

Peers
Company Name CMP
Lodha Developers 1115.10
Prestige EstatesProj 1458.00
Dilip Buildcon 425.25
DLF 631.05
Oberoi Realty 1778.00
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