The Bombay Burmah Trading Corporation Ltd approves land sale

The Board of Directors of The Bombay Burmah Trading Corporation, Limited at its meeting held on 30th December, 2024 has accorded its approval for sale of land situated at Muppandal, Thovalai, Kanyakumari District, Tamil Nadu admeasuring approximately 40.37 acres along with 12 Windmills subject to necessary due diligence, approvals, consents, permissions from the concerned authorities, if any, to SAV Construction and Muthukumar Enterprises and their affiliates for a total consideration of Rs. 50.12 Crores.

Accordingly, the Corporation intends to complete the aforesaid transaction which shall be subject to signing of definitive agreements between the parties.

Shares of Bombay Burmah Trading Corporation Limited was last trading in BSE at Rs. 2120.80 as compared to the previous close of Rs. 2113.70. The total number of shares traded during the day was 2324 in over 397 trades.

The stock hit an intraday high of Rs. 2140.35 and intraday low of 2110.00. The net turnover during the day was Rs. 4934384.00.

Source : Equity Bulls

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BombayBurmahTradingCorporation INE050A01025 LandSale