Pfizer Ltd updates on property sale

Pfizer Ltd has has entered into an Agreement to Assign and Assume the Lease of MIDC Land and Sale of Building constructed on such land for transferring and assigning Pfizer's unexpired leasehold rights in the land admeasuring approx. 82,000 sq. mtrs. situated at Plot No. 16, Trans Thane Creek Industrial Area, Turbhe, Thane ("Land") and sale of structures and buildings having total built-up area of approx. 16,494.33 sq. mtrs. constructed thereon ("Buildings"), to Zoetis Pharmaceutical Research Private Limited, for a lumpsum consideration of Rs. 264.40 Crores (Rupees Two Hundred Sixty-Four Crores and Forty Lakhs only).

The said transfer of unexpired leasehold rights in the Land and sale of Buildings thereon, shall be subject to requisite approvals from concerned regulatory authorities, including the Maharashtra Industrial Development Corporation.

Shares of Pfizer Limited was last trading in BSE at Rs. 3876.70 as compared to the previous close of Rs. 3939.40. The total number of shares traded during the day was 766 in over 346 trades.

The stock hit an intraday high of Rs. 3939.05 and intraday low of 3865.35. The net turnover during the day was Rs. 2988681.00.

Source : Equity Bulls

Keywords

Pfizer INE182A01018 LandSale