Forbes & Company inks new agreement with Equinix for land sale at Chandivali

The Board of Directors of Forbes & Company Limited ("Board") has approved entering into and execution of a new Agreement For Sale (AFS) with the same party Equinix India Private Limited (Equinix) for sale of approximately 15,394.50 square meters of land at Chandivali for an increased consideration of Rs. 235 Crores (Rupees Two Hundred Thirty Five Crores) ("Transaction").

The new Agreement for Sale is executed on March 24, 2022 and the completion of the said Transaction subject to fulfilment of conditions precedent is expected to be completed in Q1 of FY 2022-2023.

Shares of FORBES & COMPANY LTD. was last trading in BSE at Rs. 422.95 as compared to the previous close of Rs. 433.30. The total number of shares traded during the day was 5383 in over 294 trades.

The stock hit an intraday high of Rs. 433.45 and intraday low of 417.15. The net turnover during the day was Rs. 2285539.00.

Source : Equity Bulls

Keywords

FORBESandCOMPANY INE518A01013 LandSale Equinix