Mukand Limited signs agreement for sale of land at Kalwe and Dighe for Rs. 806.14 crores

Mukand Limited has executed an Agreement for Sale (AFS) on March 1, 2022 for the sale of land of the Company admeasuring approx. 47 acres situated at Kalwe and Dighe, in Thane district for a consideration of Rs. 806,14,00,000/-. Of this, part consideration of Rs. 161,22,80,000/-, (being a sum equivalent to 20% of the sale consideration) is required to be deposited by the purchaser as earnest money deposit, in an escrow account, within 7 days of execution of AFS.

The aforesaid sale is subject to fulfilment of certain conditions precedent by the parties.

Shares of Mukand Limited was last trading in BSE at Rs. 129.30 as compared to the previous close of Rs. 127.55. The total number of shares traded during the day was 7370 in over 306 trades.

The stock hit an intraday high of Rs. 133.35 and intraday low of 125.75. The net turnover during the day was Rs. 964041.00.

Source : Equity Bulls

Keywords

Mukand INE304A01026 LandSale 47Acres Kalwe Dighe