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Nitesh Estates Ltd - Updates
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23 Mar 2017
We wish to inform the Stock Exchanges the appointment of Mr. Mahesh Laxman as Chief Executive Officer of our new Commercial and Rental Business vertical of the Company. Mr. Mahesh has a work experience of over 33 years in organizations of repute such as Ascendas, Jones Lang LaSalle and L &amp; T Realty. He has held senior positions in these organisations. We wish to inform you that the Company is moving forward with its development / acquisition of A grade Commercial and Rental assets portfolio of over 5 million Sq. Ft. rental income to the Company. The estimated investment will be over Rs 1500 Cr across multiple projects, to be funded by equity / Private equity/ debt . The Company has already invested approximately Rs 300 Cr to build this portfolio.. The portfolio will be developed over next 3 to 4 years.
View all announcements for Nitesh Estates Ltd Source: BSE India