The Board of Directors of Nava Bharat Ventures Limited has approved a move to form a special purpose vehicle in Singapore, which will see an investment of $ 11 million over a period.
The Board, which met today, approved the formation of special purpose vehicle (SPV) as a wholly-owned subsidiary of the company in Singapore to pursue emerging business opportunities, including Healthcare Enabled Services abroad.
The SPV may see overall investment of about $ 11 million over a period.
The company in a regulatory filing to BSE, has informed that the Board also approved Co-option of Ashwin Devineni as an Additional Director and Non-Executive and Non-Independent on the Board of the Company with immediate effect.