Campus Activewear Limited to acquire land and building from Marico

Campus Activewear Limited has acquired Land and Building from Marico Industries Limited in Ponta Sahib to expand its existing capacity for the manufacturing of semi-finished goods (Sole and / or Upper) and assembly of footwear.

The Company is acquiring only Land and Building from Marico Limited. The land identified as Khasra No. 425/408/2 (New Khasra No. 659/425/408/53) admeasuring 14 Bigha 03 Biswa, Khasra No. 54 admeasuring 02 Bigha 15 Biswas, Khasra No. 55 admeasuring 12 Bigha 11 Biswa, Khasra No. 424/408/1 (New Khasra No. 656/424/408/53) admeasuring 01 Bigha 00 Biswa, located in Tokion Village, Dhaula-Kaun, Paonta Sahib, Himachal Pradesh - 173030 - total area admeasuring 30 Bigha 9 Biswas.

The total cash consideration for this transaction (of acquisition of land) is INR 16,70,00,000.

Shares of Campus Activewear Limited was last trading in BSE at Rs. 330.80 as compared to the previous close of Rs. 334.90. The total number of shares traded during the day was 36593 in over 2261 trades.

The stock hit an intraday high of Rs. 336.20 and intraday low of 329.60. The net turnover during the day was Rs. 12150775.00.

Source : Equity Bulls

Keywords

CampusActivewear INE278Y01022 Footwear LandAcquisition PontaSahib