We wish to inform you that the Company has entered into a Memorandum of Understanding with Bigbull Infrabuild Private Limited for development of Commercial/ multi storied Retirement House ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
RDB Infrastructure and Power Limited has signed a Memorandum of Understanding (MOU) with Bigbull Infrabuild Private Limited to develop a commercial and multi-storied retirement housing project. The project will be built on the company's own land spanning 2.8375 acres in Sector-70A, Gurgaon, Haryana. Under the revenue-sharing arrangement, RDB (as landowner) will receive 31.5% of revenues, while Bigbull Infrabuild (as developer) will get 68.5%. The transaction is not a related party deal, no shares are being issued, and no special rights such as board seats have been granted.
Positive for shareholders — the company is monetising its idle land bank through a developer partnership without spending its own capital on construction, and will earn a steady revenue share from the project. The smaller share (31.5%) means upside is moderate and execution risk lies with the developer partner.