Ritesh Industries forms JV with API to set up industrial park

New Delhi, Aug 16 (UNI) Ritesh Industries today said its board has approved the joint collaboration agreement with Ansal Townships&Projects Ltd (API) to set up an Industrial Park in Ludhiana having 40 per cent residential and 60 per cent IT Park.

In a board meeting the directors also approved to include the Real Estate project object in the Main Objects of the company through Postal Ballot process.

The meeting also decided to postpone the amalgamation of Ritesh Spinning Mills Ltd with the company, a company statement said.

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