Bata India Ltd receives Rs. 154.44 crores from Faridabad land sale

Bata India Ltd has today executed the sale deed with Amolik Buildcon LLP for the Faridabad Land and has received the entire consideration (net of TDS), that is, Rs. 154.44 Crores (Rupees One Hundred Fifty Four Crores and Forty Four Lakhs Only).

The company had earlier announced the monetization of freehold industrial land admeasuring approximately 11.54 acres situated in Faridabad (the "Faridabad Land").

Shares of Bata India Limited was last trading in BSE at Rs. 1363.30 as compared to the previous close of Rs. 1349.40. The total number of shares traded during the day was 23645 in over 1832 trades.

The stock hit an intraday high of Rs. 1387.25 and intraday low of 1349.95. The net turnover during the day was Rs. 32361492.00.

Source : Equity Bulls

Keywords

BataIndia INE176A01028 Faridabad LandSale