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| Exchange Received Time 27/04/2018 18:03:42 Exchange Disseminated Time 27/04/2018 18:03:49 Time Taken 00:00:07 | We wish to submit to the exchanges that in the Arbitration proceedings between the 100% subsidiary of the Company Nitesh Indiranagar Retail P Ltd and the land owner , the Arbitral Tribunal have announced their award:
a. The tribunal has accepted our stand that there is no repudiation of agreement.
b. The tribunal has awarded a net amount of Rs 42.50 Cr to the subsidiary.
The Company is seeking legal opinion on further course of action.
We request you to take this on record.
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