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| Exchange Received Time 26/05/2018 16:12:00 Exchange Disseminated Time 26/05/2018 16:12:04 Time Taken 00:00:04 | | In continuation of our earlier communication dated 29th July, 2016, vide which we informed you that the Company has entered into a Memorandum of Understanding with G Corp Group for the joint development of the land at Village Ranjoli, District Thane and communication dated 02nd January, 2017, we have to inform you that, the Board of Directors of the Company, at its meeting held today has decided not to pursue the said joint development of project at Village Ranjoli, District-Thane owing to the certain difficulties involved therein. However, the investment in Special Purpose Vehicle GCORP Township Private Limited would continue in order to explore projects in and around Mumbai, in future. |
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