Mukand Limited sells 45.94 acres land for Rs. 796.46 crores

Mukand Limited had earlier announced the proposed sale of surplus land of approx. 47 acres at our Kalwe / Dighe facility in Thane District, for the lump sum consideration of Rs.806,14,00,000/-, subject to the fulfillment of certain conditions precedent.

On January 05, 2023, the Company has completed the transfer of 45.94 acres of the said land by executing the necessary Deeds of Conveyance in favour of the Purchaser - AGP DC Infra Two Private Limited for aggregate consideration of Rs.796.46 crores. The entire consideration is received by the Company.

Shares of Mukand Limited was last trading in BSE at Rs. 130.95 as compared to the previous close of Rs. 131.95. The total number of shares traded during the day was 73865 in over 2044 trades.

The stock hit an intraday high of Rs. 137.00 and intraday low of 129.50. The net turnover during the day was Rs. 9847170.00.

Source : Equity Bulls

Keywords

Mukand INE304A01026 LandSale