Home Real estate Marathon Nextgen board approves acquisition of Marathon FutureX IT Park

Marathon Nextgen board approves acquisition of Marathon FutureX IT Park

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Marathon Nextgen Realty Ltd announced that the Board of Directors has approved the acquisition of ‘Marathon FutureX IT Park’ business owned by Marathon Realty Ltd.

The acquisition will be subject to the required approvals being obtained including that of the shareholders of the Company under section 188 of the Companies act.

MRPL is one of the Promoter Group Companies.

The acquisition is expected to be completed by end April 2018.

The stock was up by 1% at Rs. 634.

The stock has hit a high of Rs. 642 and a low of Rs. 626.