Rishiroop Limited enters into MOU for sale of land

Rishiroop Limited has entered into a Term Sheet/MOU for the Sale/Assignment/Transfer of the Plot Nos. 5807 & 5808, GIDC Industrial Estate, Ankleshwar, Gujarat - 393002 admeasuring 34,561 square meters, along with the structures situated thereon.

The transaction is subject to the receipt of the required approvals from GIDC, and fulfillment of the obligations by the parties. The transaction is to be completed within a period of 60 days, or such further period mutually agreed between the parties.

The consideration to be received for the above transaction is around Rs. 27.64 Crore (Rupees Twenty Seven Crore Sixty Four Lakh Only).

Sajjan India Limited, having their Registered Office at Cnergy IT Park, Gr. Floor, Unit No. B2, B3 and B4, Appa Saheb Marathe Marg, Prabhadevi, Mumbai – 400025 is the buyer. The buyer does not belong to promoter/promoter group/group companies.

Shares of Rishiroop Ltd was last trading in BSE at Rs.51.8 as compared to the previous close of Rs. 49.6. The total number of shares traded during the day was 202 in over 4 trades.

The stock hit an intraday high of Rs. 51.95 and intraday low of 48.7. The net turnover during the day was Rs. 10237.

Source : Equity Bulls

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