Pharmaids Pharmaceuticals Ltd completes acquisition of two land parcels

Pharmaids Pharmaceuticals Limited has completed the acquisition of following two land parcels on Monday, 25 September 2023:

1. Land parcel bearing Plot No. 47 of Sy. No. 53, situated at Manchakalkuppe Village, Urdagere Hobli, Tumkur Taluk, Tumkur District measuring 5901 Sq. Mtrs.

2. Land parcel bearing Khata No. 21, Plot No 47-P2 of Hirehalli Industrial Area, situated in Sy. No. Parts 52 and 53 of Manchkalkuppe Village, Uradegere Hobli, Tumkur Taluk, measuring 4040 Sq Mtrs.

The total consideration paid for the above lands aggregate to Rs. 9.90 crores. The above lands were purchased for setting up of Pharmaceuticals, Biopharma, Contract Research and Manufacturing Services Facilities.

Shares of PHARMAIDS PHARMACEUTICALS LTD. was last trading in BSE at Rs. 40.07 as compared to the previous close of Rs. 39.90. The total number of shares traded during the day was 36869 in over 81 trades.

The stock hit an intraday high of Rs. 41.89 and intraday low of 38.11. The net turnover during the day was Rs. 1487729.00.

Source : Equity Bulls

Keywords

PHARMAIDSPHARMACEUTICALS INE117D01018 LandAcquisition Expansion