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| Exchange Disseminated Time | Agre Developers Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 23, 2011, considered proposals for enhancing presence of the Company in the realty sector and decided on the following options:
The Board authorized a committee of Directors to consider suitable proposals and make appropriate recommendations to the Board for strategic acquisitions through such mode as it may deem fit for consolidating the Company's presence in real estate development. The Board also appointed the following advisors.
1. M/s. Singhi & Co, Chartered Accountants and
2. M/s. Enam Securities Pvt. Ltd., Merchant Bankers
The Board also approved considering various opportunities in the wholesale markets and infra-logistics segments as the same have huge growth potential. |
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