Neuland Has Entered Into A JDA With Phoenix Embassy Techno Zone
2016-07-26 Business Deals / Tie-ups Construction Southern India
Neuland Laboratories Limited ("the Company") has announced that it has entered into a Joint Development Agreement ("JDA") with Phoenix Embassy Techno Zone Private Limited for
development of the land owned by the Company at Nanakramguda. In terms of the said JDA, the Company would be entitled to receive approximately 23% share of the total saleable area of the Project, which would be determined upon approval of the building plans by the appropriate authorities.