VST Industries Ltd update on freehold rights of Company property

The Board of Directors of VST Industries Ltd have given their in-principle approval for availing the conversion of the factory cum Registered Office premises from leasehold to freehold property in the Azamabad Industrial Area (AIA) from the Government of Telangana.

Through this letter it is informed that the Company has today executed the sale deed and purchased the said property from the Government of Telangana at a consideration of Rs.324, 10,25,343/- (Rupees Three hundred and twenty four crores Ten lakhs Twenty five thousand Three hundred and forty three only) excluding stamp and other duties.

Shares of VST Industries Limited was last trading in BSE at Rs. 3169.95 as compared to the previous close of Rs. 3154.10. The total number of shares traded during the day was 111 in over 58 trades.

The stock hit an intraday high of Rs. 3190.40 and intraday low of 3143.45. The net turnover during the day was Rs. 350979.00.

Source : Equity Bulls

Keywords

VSTIndustries INE710A01016 Approval FactoryConversion FreeholdProperty