Sika Interplant clarifies on news item regarding land acquisition

With reference to the news item appearing in a leading financial daily titled, "Sika Interplant up on land acquisition talk", Sika Interplant Systems Ltd has clarified that M/s. Spaceciti Projects Pvt Ltd is amalgamated with the Company, consequent upon the amalgamation M/s. Spaceciti Projects Pvt Ltd its subsidiary M/s. Sikka n Sikka Engineers Pvt Ltd have become the subsidiary of the Company which has got a land of about 6.75 acres at Bangalore under lease cum sale agreement with KIADB for engineering activities. The Company will make suitable announcement when said land explored for any development. The Company clarified that the Company is not in the process of buying property in Bangalore at present time.

Source : Equity Bulls

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