Asian Paints: Asian Paints to invest Rs 550 crore to set up white cement manufacturing facility in UAE, Real Estate News, ET RealEstate

2022-10-22 19:46:00 By : Ms. Kerry Y

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The overall investment would be approximately Rs 550 crore, to be invested over the next two years. The cost of the project would be funded through a combination of equity funding by Asian Paints & the other parties and external debt financing.

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​The attached properties include land, commercial spaces, plots, residential houses and bank accounts, the federal agency said in a statement issued on Saturday. The total value of these attached properties is Rs 1,317.30 crore.

Realty developer Harbour Front Properties LLP, which is part of the Avighna Group, has acquired the property and is planning to redevelop the same.

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