Corporate News     19-Jan-24
Outcome of board meeting of One 97 Communications
Held on 19 January 2024
The Board of One 97 Communications at its meeting held 19 January 2024 has approved the execution of a Joint Development Agreement (JDA) between the Company and ACE Builders and Promoters (ACE or Developer), whereby ACE will raise requisite capital/ funds for the development of an IT/ITES complex on a 10-acre (40,000 square metres) IT/ITES plot located in Sector 159, Noida which was allotted to the Company in March 2018 (pre-IPO) by the New Okhla Industrial Development Authority (Noida); and

Incorporation of one or more wholly owned subsidiaries of the Company, in the GIFT International Financial Services Centre (IFSC), Gandhinagar, Gujarat, India.

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