Aricent Infra gets nod to invest in Alag Nirman

Aricent Infra has received an approval to invest in Alag Nirman by way of subscribing 3,00,000 equity shares of face value Rs 10 each at Rs 50 including premium of Rs 40 each, and 5,00,000 6% unsecured optionally convertible debentures of Rs 100 each. The board at its meeting held on June 28, 2012 has approved for the same.

Recently, the company received an approval for opening of corporate office at Nasik for the expansion of business. The board gave the approval at its meeting held on May 30, 2012.

Aricent Infra is a public limited company engaged in the business of infrastructure development.