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| Exchange Disseminated Time | | Agre Developers Ltd has informed BSE that Agre Properties & Services Limited (APSL), the wholly owned subsidiary of the Company has entered into a Share Purchase Agreement and sold its investment aggregating to 20% of the paid Share capital of Gupta Infrastructure (India) Private Limited for a total consideration of 29,87,00,000/- which resulted in a capital gain of Rs. 22,18,80,000/-. The agreement also provided for refund of share application money to the Company and APSL aggregating to Rs. 11,65,88,602/-. The consideration will be paid in tranches during a period of March 03, 2012 to May 31, 2012. |
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