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Yuken India on Monday informed the exchanges that “by way of abundant caution the board has decided to consider an estimated income of ₹125 crore from Joint Development Agreement with Brigade Enterprises and to discharge the capital gain tax liability accruing on the same”. Yuken had entered into a JDA with Brigade Enterprises in 2016 for development of the company’s property at Whitefield in Bangalore. Investors of both the firms will closely monitor further developments.
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