Breaking News

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


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

Copper futures end tad higher on upbeat trade talk

Copper futures ended marginally higher on Wednesday due to upbeat comments from US President Donald Trump about a potential trade deal with China. Trump said he would intervene in the Justice Department's......

Gold futures end higher as dollar slides

Gold futures ended higher on Wednesday, with weaker dollar amid report that US consumer prices were unchanged in November, supporting the view that underlying inflation remained firm. Moreover, dimmed......

Physical Rubber prices witness improvement on Wednesday

Physical Rubber prices showed improvement on Wednesday. The market regained strength on short covering but the volumes continued to remain low. Spot prices for RSS-4 variety rose to 120.50/ kg compared......

Top News

View all news

Patels Airtemp receives settlement notice from SEBI

Patels Airtemp (India) has received from SEBI, Summary Settlement Notice vide its Letter dated December 12, 2018 for settlement amount of Rs 3,68,156 against violation of Regulation 7(2)(b) of SEBI (Prohibition......

IndiGo in initial discussion with Qatar, Turkish Airlines for global expansion: Report

In order to increase its global footprint, InterGlobe Aviation (IndiGo) is reportedly in preliminary discussion with Qatar Airways and Turkish Airlines. The Budget carrier is looking for interline and......

Talwalkars Lifestyles integrates with Growfitter

Talwalkars Lifestyles has integrated with Growfitter to introduce the country's first ever AI (Artificial Intelligence) based Incentivized Wellness Program. The Growfitter FITKIT Program is a technologically......