I have a question after reading the annual report 2014-15.
Why TreeHouse need to invest in associate companies JT Infrastructure Private Limited & Mehta Treehouse Infrastructure Private Limited??
The Company has entered into a joint venture agreement with Jayshree Builders (‘JB’) to construct and rent a school building. As part of the arrangement, the Company and JB have agreed to equally contribute to the share capital of Mehta Treehouse Infrastructure Private Limited, a company in which both Treehouse Education & Accessories Limited and JB have equal share holding. The Company has a 50% interest in the assets, liabilities, expenses and income of Mehta Treehouse Infrastructure Private Limited, a company incorporated in India. The operations have not yet commenced.
I could not find any information about these companies. Can anyone throw some light on this?
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