Max Estates receives NCLT Order for Delhi One

Max Ventures & Industries Limited's (MaxVIL) real estate arm, Max Estates had submitted its resolution plan for resolution of Boulevard Projects Private Limited. The Hon'ble NCLT, New Delhi has approved the said Resolution Plan, for the development of commercial plot admeasuring 34,697 sq mtrs, located in NOIDA under the project name 'Delhi One'. This acquisition has potential to add 2.5-3 million sq. ft. of additional development footprint to the portfolio of Max Estates.

The implementation of the Resolution Plan is subject to receipt of requisite approvals from regulatory and statutory authorities.

Shares of Max Ventures and Industries Limited was last trading in BSE at Rs. 133.00 as compared to the previous close of Rs. 127.95. The total number of shares traded during the day was 1559 in over 185 trades.

The stock hit an intraday high of Rs. 133.25 and intraday low of 127.95. The net turnover during the day was Rs. 202633.00.

Source : Equity Bulls

Keywords

MaxVenturesandIndustries INE154U01015 MaxEstates ResolutionPlan BoulevardProjects DelhiOne