23-Oct-2026 15:52:40
NEOINFRAGeneral news
NEOINFRA : PICKS 54% PARTNER STAKE IN RUBBERWALA & NEO VENTURE
• Board approved investment in partnership firm M/s Rubberwala & Neo Venture, holding 54% share as a partner with fixed capital for real estate business • Capital contribution payable in cash; profit and loss sharing ratio fixed at 54% • Target firm is the SPV for redevelopment of a property at Tardeo, Mumbai, held since 2008 • No turnover recorded till date as the firm is an SPV for the Tardeo redevelopment project • Constitutes a related party transaction; promoters held 70% aggregate partner interest prior to this transaction • Board approval received on 23-October-2026; Director authorised to execute related documents
Neo Infracon Ltd
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