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Atal Realtech Unit Becomes Partner in Infrastructure LLP; Shares Slip 6%

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Atal Realtech (NSE:ATALREAL, BOM:543911) unit Atal Realty has become a partner in newly-incorporated limited liability partnership Arika Lifespaces.

Shares of Atal Realtech were down over 6% in Tuesday afternoon trading.

Of the total 500,000 Indian rupee contribution in Arika Lifespaces, Atal Realty contributed 150,000 rupees, representing a 30% stake.

Arika Lifespaces has been incorporated on Sept. 19 to carry on the business of contractors, builders, infrastructure developers, estate developers, and other ancillary activities.

What else is happening in Asia?

Asia

Goodman Group Receives 2 Shareholder Resolutions for Upcoming Annual General Meeting

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ASX:GMG
Asia

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TPE:5522
Asia

Sealink International Receives $17 Million Insurance Payout for Vessel Fire Incident in Brazil

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KLSE:SEALINK