rediff.com
REAL-TIME QUOTE
Enter Company or MF
e.g. Tata motors, Reliance MF, 500570
KANSAI NEROLAC PAINTS LTD. - Proposal To Sell The Company'S Land At Kavesar, Thane
Download announcement < Back
30 Jan 2023
This is further to our letter dated 1st August, 2022 informing that the Board of Directors has approved a proposal for monetization of idle land parcels of the Company not being put for productive use. The Board of Directors of the Company on 30th January, 2023, has approved a proposal for sale of the Company&apos;s land at Kavesar, Thane to Shoden Developers Private Limited, a group company of House of Hiranandani group (hereinafter referred as the &apos;Purchaser&apos;) for total consideration of Rs. 655 Crores for an area admeasuring 96,180 sq. mts. The Company has entered into an Agreement to Sell with the Purchaser. The sale is subject to completion of procedures and approvals as may be necessary in this regard.
View all announcements for KANSAI NEROLAC PAINTS LTD. Source: BSE India