Grasim Industries Ltd acquires land through assignment of leasehold rights

Grasim Industries Limited has acquired by way of assignment of the leasehold rights in the leasehold land admeasuring area of about 220 acres situated at Gujarat Industrial Development Corporation, Vilayat Industrial Estate, Dist. Bharuch, Gujarat from Century Textiles and Industries Limited for a total consideration of Rs. 254.70 crores (including GST of Rs. 38.85 crores) for setting up of manufacturing facilities in due course. The said transaction has been completed today i.e. 24th March 2023 and is not a related party transaction.

Shares of Grasim Industries Limited was last trading in BSE at Rs. 1593.90 as compared to the previous close of Rs. 1605.55. The total number of shares traded during the day was 3395 in over 715 trades.

The stock hit an intraday high of Rs. 1606.75 and intraday low of 1588.00. The net turnover during the day was Rs. 5422531.00.

Source : Equity Bulls

Keywords

GrasimIndustries INE047A01021 Acquisition LeaseholdRights Land 220Acres GIDC Bharuch