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DS Kulkarni Executes Shareholders Agreement With GTC

Friday, DS Kulkarni Developers said that they have executed shareholders agreement with GTC Cyprus, a Kardan Group company.

DSKDL and GTC would jointly develop a 250-acre multi-service special economic zone project in Pune through a 50:50 joint venture. GTC would infuse about $90 million against their stake in the joint venture company in a phased manner. The total investment in the project is estimated at $1 billion.

by RTT Staff Writer

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