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| Exchange Disseminated Time | With reference to the news flashed on CNBC TV 18 and ET Now captioned "DB realty to sign revenue sharing agreement with Man-infra Shangvi SPV, Man infra may invest 100 cr in SPV" April 21, 2015, D B Realty Ltd has Clarified to BSE as under :
"D B Realty Ltd. by itself and through its subsidiaries, associates and joint ventures is executing multiple projects and owns/ is developing several projects in the city of Mumbai and evaluates various proposals and opportunities on a continuous basis. Any discussion with any of the property consultants, Potential Partners/ Developers and Investors do not merit disclosures. We assure that necessary disclosures shall be made to the Stock Exchanges as and when any negotiations materialise.
In relation to the above specific news item, we deny that DB Realty has signed any agreement with Man Infra and / or Dilip Sanghvi SPV. This is in realm of speculation. We are unable to comment further on such speculation. We assure your once again that any material development will be conveyed to the exchange on time for dissemination to the public" |
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