Vadodara to host a IT park soon
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Akruti Nirman Ltd which is a Mumbai based realty developer is forthcoming with a Bio Tech Park in Savli, Vadodara extends for more than 708 acres of property and has started to set up an investment of big amount and the park will mainly be focused on natural and on Agri-products. Reported by the sources to the www.propertykhazana.com in the concerned venture 66% of the equity share has been grasped and Akruti leads Chatterjee Group and as well as the Gujarat Government where each of them holds 23% & 11% correspondingly. According to the sources, this well-known realty player is looking for the payment from different companies to lay down the amenities at the park.
Meantime, the available sources said the www.propertykhazana.com that Akruti Nirman has hiked more than Rs. 3.18 Billion with the issue of 6.7 million shares as a footstep to search for the finances for developing and to enlarge its horizons. The price of each share varied among Rs. 475 to Rs. 540 and on the 2nd day of the issue the civic share offer was oversubscribed. Company used the measures to finance different activities comprising property acquirement or for the construction prices of different ventures for Rs. 1.25 Billion. Akruti Nirman is one of the famous land developers of Mumbai and it is mainly into the construction field and is given a project under the Slum Rehabilitation Scheme (SRS) of the Maharashtra Government.
Source: NIMMA BENGALURU
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