Indo City Infotech to develop land at Talasari in Thane District

Indo City Infotech Ltd has announced that the Board of Directors of the Company at its meeting held on January 12, 2007, has consented & approved the Development of existing Owned Free Hold Land of the Company at Talasari, Dist. Thane, State Maharashtra to tap the growing Real Estate Market by Constructing a Township of Approximate 300 Bungalows on the said land as well as to Acquire More Land on Outright Basis for the continuous Development in Accordance with Object Clause 10, 11 & 12 of the Memorandum & Articles of Association of the Company.

Further the Company has informed that, Mr. Anil Jain Chairman & Managing Director of the Company has been authorized to sign all the papers & other documents to implement and fully execute the intends & purpose of this Board Meeting held herein.

Source : Equity Bulls

Keywords