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Code: 532911
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Parle Software picks up 46% stake in Hazoor Township

BS Reporter / Mumbai 09 Feb 10 | 11:47 AM

Parle Software today announced that it had acquired an 45.83 per cent stake in Hazoor Township Developers Pvt. Ltd., a subsidiary of Hazoor Multi Projects Ltd.

"This strategic investment will create an opportunity for the company to capitalise and foray into infrastructure and real estate development through its associate, Hazoor Township Developers Pvt. Ltd," the company said in a statement.

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The statement made no mention of the size of the transaction.

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