Yash Innoventures to acquire land in Ahmedabad for new business project

11 Mar 2022 , 11:17 AM

Yash Innoventures Ltd (Formerly known as Redex Protech Ltd) has informed to the exchanges regarding its new expansion project.

On  Friday, at around 11:21 AM, Yash Innoventures was trading at Rs31 apiece lower by 4.76% on Sensex.

The board has approved entering into the agreement with “CVM Group” for acquiring 4,810 sq. yard of land on main Ashram road, Ahmedabad which is premium & main commercial road which is connected to Gandhinagar and Saurashtra.

It is also on “Central Business District” which is now being developed by Government of Gujarat as River Front development, where big high rise building and new development have started taking place.

Further, the total saleable sq. ft. is around 4,00,000 sq. ft. which would turn into a project size of approx Rs300 crore rupees.