RPP Infra Projects Ltd Inks Agreement for "96 Legends" Development in Sri Lanka

Team Finance Saathi

04/Dec/2024

What's covered under the Article:

RPP Infra Projects reaches an agreement for the development of the "96 Legends" Project in Sri Lanka.
The Company and its subsidiary will invest and fund part of the project’s capital expenditure.
Further details will be shared once definitive agreements are signed.

RPP Infra Projects Ltd has announced a significant milestone with an in-principle agreement for the development of the "96 Legends" Project in Sri Lanka. The project, developed in collaboration with Wills Realtors Pvt Ltd, will see RPP Infra or its subsidiary play a pivotal role, including the investment of funds and contribution to the capital expenditure (capex) required for the project.

The agreement outlines the Company's involvement in the real estate sector, expanding its footprint beyond India. This move marks a strategic shift towards international development, underscoring the Company’s commitment to growth and expansion in overseas markets. The "96 Legends" project, a key initiative in Sri Lanka, is expected to be a significant contributor to the Company's portfolio in the coming years.

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Further details regarding the definitive agreements and final investment structure will be disclosed once formal documents are executed by the Company. The announcement is also in accordance with the SEBI Master Circular No. SEBI/HO/CFD/PoDZ/CIR/P/2023/120 and other relevant regulations.

This news reflects RPP Infra’s strategic approach to broadening its business and entering new markets. The Company's future investments in the project will be an important step forward in its growth trajectory. As more details emerge regarding the project’s scope and scale, the Company's stakeholders and the market will be kept informed.

For more updates on the project's developments and investment opportunities, stay tuned to our news and explore additional insights into market trends, including the latest IPOs and real estate investments by visiting Best IPO to Apply Now - IPO List 2024, Latest IPO, Upcoming IPO, Recent IPO News, Live IPO GMP Today - Finance Saathi and Top News Headlines - Share Market News, Latest IPO News, Business News, Economy News - Finance Saathi.

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RPP Infra Projects Ltd Inks Agreement for "96 Legends" Development in Sri Lanka

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