Orbit Corporation Limited has informed the Exchange that:"Pursuant to an Investment Agreement dated January 27, 2010, IL&FS Trust Company Limited, IIRF India Realty X Limited, Moltana Holdings Limited, (collectively, "Investors"), have agreed to make an investment of upto 165,00,00,000/- (Rupees One Hundred Sixty Five Crores only) in Orbit Highcity Pvt. Ltd. a wholly owned subsidiary company of Orbit Corporation Limited, Mumbai. The said Investment would be used to develop township projects at Mandwa in Mumbai Metropolitan Region".
Source: NSECourtesy moneycontrol.com
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