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Eastern Treads relinquishes control over subsidiary - Shipnext

Eastern Treads relinquishes control over subsidiary - Shipnext

December 02, 2021 9:15 IST | capital market
Eastern Treads enounced its rights to acquire the equity shares offered by Shipnext Solutions, (hereinafter mentioned as Shipnext) and decided to relinquish exercise of control over this subsidiary, Shipnext at its Board meeting held on 30 November 2021 allotted 36,50,000 equity shares each to Nash Meeran LLP and Caif Meeran LLP on private placement basis and Eastern Treads continues its holding with 14.53%.

Consequent to this allotment Shipnext has ceased to be a subsidiary of the Company.

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The average score for Prestige Estates Projects Limited stands at 4 against 6, three months back.

Prestige Estates Projects Limited is engaged in the business of real estate development. The Company’s principal products/services include Development and construction

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