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14-Feb2019

Hubtown gets approval to subscribe stake in Sanas Developer

Hubtown has received approval to subscribe to 5,100 equity shares of Rs 10 each in the share capital of Sanas Developer (Sanas) for cash at par constituting 51% of the paid-up share capital of Sanas, for total consideration aggregating to Rs 51,000. The Board of Directors of the Company at its meeting held on February 13, 2019 has approved the same.

Hubtown engaged in the development, sale, and lease of commercial, residential, retail, and industrial properties. The company's project portfolio primarily comprises residential projects, commercial projects, special economic zones, SRAs, IT parks, biotech parks, robotic car parks, retail parks, and textile parks.


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