Breaking News

You are here » Indian-Commodity  :  Top News  :  Adlabs Entertainment to sell entire stake held in Walkwater Properties

18-May2018

Adlabs Entertainment to sell entire stake held in Walkwater Properties

Adlabs Entertainment has received an approval to sell or transfer 100% investments/ shareholdings of the company in Walkwater Properties, a wholly owned subsidiary of the company and Surplus Land of approximately 65 acres to Shaan Agro and Realty India at a total consideration of Rs 150 crore in cash subject to necessary approvals, consents, permissions and/or sanctions from the appropriate authorities and approvals of the Members of the company. Thus there is no change in the consideration amount for the hitherto approved sale transaction. The board of directors the company at their meeting held on May 17, 2018, approved the same.

Adlabs Entertainment is engaged in the business of development and operations of theme-based entertainment destinations in India, including theme parks, water parks and associated activities, including retail merchandising and food and beverages (F&B).


Related News

View all news

Crude oil futures end lower on Friday

Crude oil futures ended lower on Friday on concerns about global energy demand. However, US prices managed to tally a gain for the week, their third in a row, as OPEC output cuts and US sanctions on Venezuela......

Gold futures finish higher on Friday

Gold futures finished higher on Friday, due to increased safe haven buying of market participants followed by subdued economic data from the euro zone, exacerbating global growth fears. Gold futures for......

Copper futures end lower on global growth concerns

Copper futures ended lower on Friday as weak European and US factory data spread gloom about the global economic outlook and strengthened the dollar. Reports showing Factory activity in the 19-country......

Top News

View all news

Infosys to enter into agreement with The House Fund II

Infosys is going to enter into an agreement with The House Fund II, L.P., an AI-focused fund targeting startups from the University of California - Berkeley, committing to invest $10.0 million.......

EID Parry receives approval for investment Rs 70 crore in PSRIPL

EID Parry (INDIA) has received approval for investment upto Rs 70 crore in the equity share capital of Parry Sugars Refinery India (PSRIPL), a wholly owned subsidiary of the Company. The Board of directors......

SBI raises Rs 1,251 crore by issuing Basel III-compliant bonds

State Bank of India (SBI) has raised Rs 1,251.30 crore by issuing Basel III-compliant bonds. The Committee of Directors for Capital Raising at its meeting held on 22 March 2019 deliberated and accorded......