Cybele Industries Limited to sell 41.70 acres of agricultural land

The Board of Directors of Cybele Industries Limited at its Meeting held today has approved the sale of agricultural land 41.70 acres located at Chinnaobalapuram Village, Gummidipoondi Taluk, Tiruvallur District, subject to the approval of shares holders through e-voting in the Postal Ballot.

Accordingly, the Company intends to complete the aforesaid transaction which shall be subject to signing of definitive agreements between the parties and necessary regulatory and statutory approvals, if any. The Company shall make the necessary intimation to stock exchange as and when all transactions for the sale of agricultural land are fully completed.

Shares of CYBELE INDUSTRIES LTD. was last trading in BSE at Rs. 39.89 as compared to the previous close of Rs. 40.00. The total number of shares traded during the day was 2647 in over 31 trades.

The stock hit an intraday high of Rs. 40.05 and intraday low of 38.00. The net turnover during the day was Rs. 100865.00.

Source : Equity Bulls

Keywords

CYBELEINDUSTRIES INE183D01010 AgriculturalLand Sale