Mumbai-based MICL forms real estate JV in Florida
According to information shared, MICL will hold a 50 per cent stake in the newly formed company through its subsidiary MICL Global.
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Mumbai-based real estate developer Man Infraconstruction Ltd. (MICL) has incorporated a real estate joint venture MICL Tigertail with its wholly-owned subsidiary MICL Global in Florida, United States.
"MICL TIGERTAIL LLC is a JV entity of MICL Global, INC, a wholly owned subsidiary of the Company. MICL TIGERTAIL LLC has been incorporated in State of Miami, Florida, USA in June, 2024 to inter-alia carry on the business of Real Estate Development and other lawful activities and is yet to commence business operations," the company said in an exchange filing.
"MICL Global, INC is expected to contribute capital of US $ 2 million approximately in MICL TIGERTAIL LLC," the filing added.
According to information shared, MICL will hold a 50 per cent stake in the newly formed company through its subsidiary MICL Global.
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