Univastu India Limited (UNIVASTU) — Announcement

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📢 Key Event
Joint venture formed for Aligarh land development project

🔄 What Changed
Joint venture created with 49% stake and ₹90 crore MGR requirement

🔮 What's Next
96-month concession period for project execution

💡 Investor Takeaway
This creates a new revenue stream through a government-backed infrastructure project with guaranteed minimum payments.

⚠️ Risks
Not Applicable

Univastu India announced a joint venture with Bootes Infrastructure to develop 25,091 sq m of land in Aligarh under a revenue-sharing PPP model, receiving a letter of award from the Uttar Pradesh government. The project includes a ₹90 crore minimum guaranteed revenue requirement and a ₹5 crore performance bank guarantee, with execution planned over 96 months.

📄 View Original Announcement (PDF)

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