Anant Raj gets nod to incorporate wholly owned subsidiary company

Anant Raj has received an approval for incorporation of a wholly owned subsidiary company in the name of ‘Estate Management Services’ or such other name as may be approved by the Registrar of Companies, NCT of Delhi & Haryana. The board of directors at its meeting held on May 13, 2014 has approved for the same. The board also approved investment of up to Rs 500,000 each, in the entire equity share capital of Bigtown Promoters & Developers, Bigtown Properties, Eastman Developers, Eastman Properties and Equinox Promoters. Pursuant to the acquisition of share capital, it would become the wholly owned subsidiaries of the company. Anant Raj is armed with one of the largest land banks in the region and is in the process of building an array of Special Economic Zones (SEZs), IT Parks, Hotels, Commercial Complexes, Malls, Residential / Service Apartment and other infrastructure projects.