rediff.com
REAL-TIME QUOTE
Enter Company or MF
e.g. Tata motors, Reliance MF, 500570
WARREN TEA LTD. - Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements
Download announcement < Back
27 Nov 2020
This is further to our communication dated 28th January, 2020 and 12th October, 2020 whereby&lt;BR&gt; we had informed about the in principle decision of the Board of Directors of the Company to&lt;BR&gt; monetize certain tea estates and/or other assets of the Company.&lt;BR&gt; In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)&lt;BR&gt; Regulations, 2015 we hereby inform you that it has disposed of one of its real estate property&lt;BR&gt; named as &apos;&apos;Suvira House&apos;&apos; situated at 4B, Hungerford Street, Kolkata 7000]7, West Bengal.&lt;BR&gt; For the said purpose the Company has entered into a Deed of Conveyance with Hari Housing LLP&lt;BR&gt; (PAN: AANFH3425M ) having its office at 305, Mangalam-A, ?4, Hemanta Basu Sarani,&lt;BR&gt; Kolkata-70000 1.&lt;BR&gt; This monetization of the non- performing asset of the Company is to turn around the financial&lt;BR&gt; prowess, reduction in finance cost, availability of more working capital, profit earning capability&lt;BR&gt; of the Company, to modernize and to upgrade the remaining business assets.&lt;BR&gt;
View all announcements for WARREN TEA LTD. Source: BSE India