Nilkamal Ltd has informed BSE that the Company has acquired 5001 Equity Shares of the face value of Rs 10/- each representing 50.01% of the paid up capital of Starshine Land Developers Pvt Ltd from its existing Promoters for a consideration of Rs 50,010/- (Rupees Fifty Thousand Ten Only).

Starshine Land Developers Pvt Ltd is a 50.01:49.99 Joint Venture Company between Nilkamal Ltd and Bhoomi Realty India Pvt Ltd. Starshine Land Developers Pvt Ltd is into the business of property development and is intending to acquire a property in the suburbs of Mumbai for the purpose of Development.