Signatureglobal (India) Limited announced the acquisition of land parcels admeasuring approximately 25.14 acres, situated at Village Fazilpur Jharsa, Sector-71, Gurugram, Haryana (one of the most rapidly developing cities of the Delhi NCR), with a development potential of approximately 5.49 million square feet by way of proposed acquisition of Gurugram Commercity Private Limited ("GCPL"). In continuation of the said communication, the company informed that, pursuant to the terms and conditions set out in the share purchase agreement entered into by the Company, as part of the first tranche of the acquisition, the Company has successfully completed the purchase of 19% of shareholding in GCPL. The balance shareholding will be acquired upon completion of the conditions precedent which have been agreed between the parties in the share purchase agreement.
Signatureglobal (India) Limited
Equities
SIGNATURE
INE903U01023
Real Estate Development & Operations
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- Signatureglobal Limited Announces Acquisition of Land Parcels Admeasuring Approximately 25.14 Acres