DMC International Ltd has informed that the Board of Directors of the Company at its meeting held on January 08, 2008 has agreed to establish a strategic alliance in Konichiva Builders Ltd by picking-up its stake upto 20% equity shares in the said Company, subject to the approvals, of members of the Company and / or any other authority(ies).
Konichiva Builders Ltd owns around 50 acres of land in NCR, having potential of Group Housing, Hotels, etc.
The Board also decided to appoint Mr. Sham Sunder Gupta, Managing Director, as nominee Director in the Board of Directors of Konichiva Builders Ltd subject to necessary approval, consent as may be required.
Konichiva Builders Ltd owns around 50 acres of land in NCR, having potential of Group Housing, Hotels, etc.
The Board also decided to appoint Mr. Sham Sunder Gupta, Managing Director, as nominee Director in the Board of Directors of Konichiva Builders Ltd subject to necessary approval, consent as may be required.
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