Future Market Networks enters into SHA with IL&FS Township & Urban Assets

19 Apr 2012 Evaluate

Future Market Networks and IL&FS Township & Urban Assets (ITUAL) have entered into a shareholders agreement (SHA) for an equal strategic partnership to engage in the business of development of infra-logistics parks in India. The venture shall be developed through a special purpose vehicle company. The shareholders agreement is executed in terms of the term sheet entered on July 22, 2011 between the company and IL&FS.

ITUAL is the real estate vertical of Infrastructure Leasing & Financial Services (IL&FS) specialized in development of townships and urban infrastructure.

Future Market Networks (formerly Agre Developers) provides comprehensive mall / property management services in India including positioning and mall advisory services. The company is engaged in setting up over two dozen shopping malls and consumption centres, all of which will be operational by this year.

Future MarketNetwork Share Price

22.36 -0.45 (-1.97%)
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Company Name CMP
Syngene Internation. 848.60
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