Ajmera Realty & Infra has approved the proposal to acquire the 90% stake in Laudable Infrastructure LLP
Ajmera Realty & Infra India said Laudable Infrastructure LLP (Laudable) has entered into a partnership with Ajmera Bora Associates, wherein Laudable holds 67% stake and rest 33% vests in Bora Group. This partnership firm holds land of about 1.87 lakh square feet (sq.ft.) in Pune.
Ajmera Realty's consolidated net profit fell 7.4% to Rs. 2.75 crore on 28% fall in total income to Rs. 3.98 crore in Q1 June 2011 over Q1 June 2010
Source: India Infoline