W S Industries India Ltd's subsidiary to acquire 54.89 acres land for Rs. 46.66 crores

WSI-P&C Verticals Private Limited (Wholly owned Subsidiary of W.S. INDUSTRIES (INDIA) LIMITED) has entered into binding agreement dated 11th March 2025 with Arni Associates Private Limited for acquisition of immovable property/undertaking to the extent of 54.89 acres of land situated at No.34, Sandavellur Village, Sriperumbudur Taluk, Kancheepuram District of Tamilnadu. The consideration for the purchase of this property shall be Rs.46.66 Crores.

The said lands are situated adjacent to the existing parcel of 254 acres acquired through auction from Central Bank of India and subsequent acquisition of 74.94 acres of lands as intimated on 10th January 2025.

Upon completion of registration of the above mentioned lands, W.S. Industries (India) Limited and its wholly owned subsidiary will be holding approximately 400 acres of lands in this location.

The Company also wishes to highlight that major portion of the lands acquired are already eligible for multiuse development through a Tamil Nadu government gazette notification.

The property is in close proximity to Samsung, Foxconn, Hyundai and other major industrial establishments.

Shares of W S Industries (I) Limited was last trading in BSE at Rs. 79.28 as compared to the previous close of Rs. 81.33. The total number of shares traded during the day was 89115 in over 105 trades.

The stock hit an intraday high of Rs. 84.99 and intraday low of 77.30. The net turnover during the day was Rs. 7162225.00.

Source : Equity Bulls

Keywords

WSIndustriesIndia INE100D01014 WSI LandAcquisition SandavllurVillage Sriperumbudur