Gillette India sells its property in Gurgaon for Rs.72.75 Crores

Gillette India Ltd has announced that the Company has sold its immovable property, namely its General Offices at 5 to 9 floors at Global Business Park, Tower A, Mehrauli Gurgaon Road, Gurgaon for a total sum of Rs 72.75 crores.

The full and final payment has been received by the Company on June 19, 2007. Further the Company has informed that, the Book Value of the said immovable property is Rs 30.54 crores as on May 31, 2007.

The stock closed the day at Rs.913.35, down by Rs.21.55 or 2.31%. The stock hit an intraday high of Rs.936 and low of Rs.910. The total traded quantity was 1104 compared to 2 week average of 1185.

Source : Equity Bulls

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