Vascon Engineers Ltd have formally signed an agreement with Lina Ashar Foundation, Mumbai to develop a Built-to-Suit property at one of our land holdings in Pune. Under the agreement, Vascon will construct and deliver a total builtup area of approximately 135,000 SqFt. on long term lease to Lina Ashar Foundation, the school operator, in phases. The planned Billabong High International School will provide state-of-the-art infrastructure in terms of design & facilities to create a unique learning experience that will be first of its kind in the city.
This marquee transaction was advised and facilitated by Jones Lang Lasalle Property Consultants, Pune.
Further ahead, the parties are not related to Promoter / Promoter Group and the said transaction doesn't fall within Related Party Transaction.
Shares of Vascon Engineers Ltd was last trading in BSE at Rs.38.5 as compared to the previous close of Rs. 40.1. The total number of shares traded during the day was 424745 in over 1315 trades.
The stock hit an intraday high of Rs. 40.8 and intraday low of 37.7. The net turnover during the day was Rs. 16439741.