Stocks

Rai Saheb Rekhchand: Eyes on ₹90-cr JV project

| Updated on January 09, 2018 Published on November 13, 2017


Rai Saheb Rekhchand Mohota Spg & Wvg Mills and Mohota Industries (RSR) have entered into a joint venture with Armors Developers Pvt Ltd for a ₹90-crore development project out of its ₹1,000-1,200-crore land bank. The project will be completed over 19 months through a special purpose vehicle (SPV). RSR will only contribute the land located at Wardha, while Armors will develop and market the project. RSR will receive 45 per cent of the total yield.

Published on November 13, 2017
This article is closed for comments.
Please Email the Editor