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Marathon Nextgen Realty Ltd was incorporated in 1978. It is primarily engaged in the business of construction, development and sale of commercial and residential real estate projects. The co. is entering into new areas like SEZs, townships, infrastructure development, entertainment and leisure, education, hospitality and the capital markets.
Marathon Nextgen Realty's promoter, Marathon Realty Private Limited, has announced the release of a Non-Disposal Undertaking (NDU) on 2.61 crore shares (38.74% of total capital). This means these significant shares, previously under a restriction with lenders like Piramal, are now fully unencumbered. A positive move, indicating increased flexibility for the...