G R Cables Ltd to sell land

The Board of Directors of G.R. Cables Limited at its Meeting held on Saturday, July 20, 2024, has accorded its approval for sale of land in the name of the Company, having clear and marketable titles land admeasuring Acres 7 and 20 Guntas (hereinafter referred to as "Immovable Property") located at Survey #60-A, Rangareddyguda Village, Rajapur Mandal, Mahabubnagar District - 509301, Telangana, India, subject to necessary due diligence, approvals, consents, permissions from the concerned authorities, if any to one or more parties in part, piecemeal or in full.

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 proposed consideration is Rs.2,02,50,000/- which is in tune with the prevailing market rates.

Source : Equity Bulls

Keywords

GRCables LandSale