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.
Rai Saheb Rekhchand: Eyes on ₹90-cr JV project
Published on
November 13, 2017 15:58