NSE:KALPATARU

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Kalpataru Gets NCLT Nod to Withdraw Project Magnus Demerger Scheme

Kalpataru (NSE:KALPATARU, BOM:544423) said the National Company Law Tribunal (NCLT), Mumbai Bench, has allowed the withdrawal of its proposed demerger scheme involving Project Magnus in Bandra East, Mumbai, according to an Indian bourse filing on Wednesday.The company had earlier approved the withdrawal of the scheme on June 2, which proposed transferring the project from its wholly owned subsidiary Kalpataru Properties into Kalpataru on a going concern basis.

BOM:544423NSE:KALPATARU

Asia45d ago

Kalpataru Clinches Cluster Redevelopment Project in Mumbai, India

Real estate developer Kalpataru (NSE:KALPATARU, BOM:544423) has secured a cluster redevelopment project comprising five adjacent residential societies in the Kandivili area of Mumbai, India, according to a Monday filing to the Indian stock exchanges.The project spans 2.8 acres of land with a free sale potential of 0.37 million square feet (msf) carpet area and an estimated gross development value of around 12.5 billion rupees.The company has already delivered six development projects in the Kandivili area.

BOM:544423NSE:KALPATARU

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