Kothari Industrial Corporation Ltd to sell part of assets at Kathivakkam Village

Kothari Industrial Corporation Limited ("Company") at its meeting held on 04th March 2023 has approved to Sell / Transfer / dispose part of the assigned land , Plant and Machinery and Building situated at Kathivakkam Village, Ennore, Chennai-600057 subject to the approval of the members in the Extra Ordinary general meeting(EGM) and Members of the company has approved the same at the EGM held on 28th March 2023.

The company executed a sale deed on 14th September 2023 with M/s. Coromandel International limited (Buyer) to sell the part of the assigned Land, Plant and Machinery and Building situated at Kathivakkam Village, Ennore, Chennai-600057. Out of a total of 45.17 acres land, 29.55 acres land has been sold to M/s. Coromandel International limited and the remaining of 15.61 acres land is with the company.

Source : Equity Bulls

Keywords

KothariIndustrialCorporation LandSale Kathivakkam CoromandelInternational