Kohinoor Foods Ltd to sell rice factory for Rs. 190 crores as part of OTS

Kohinoor Foods Ltd has entered into an tripartite agreement with the Lead Bank and Buyer/Investor ('RCM Consumer Products private Limited') dated 31.03.2025, for the sale of Factory Unit of Company situated at 50-51 Milestone, G.T. Kamal Road, Murthal, Sonepath (Haryana)-131027 by way of Slump Sale in accordance with the sanctioned one-time settlement, approved by the Consortium Lenders.

The Factory Unit proposed to be sold is having Book Value of Rs. 108.32 Crores which is 68.50% of the total Book Value of Assets and 113.90% of the turnover during the past financial year.

The aggregate of Capital assets and net of other assets and liabilities at Book Value. The Consideration for a value of INR 190 Crores, the proposed Sale will be paid in Cash to the Consortium Lenders.

Shares of Kohinoor Foods Limited was last trading in BSE at Rs. 31.70 as compared to the previous close of Rs. 30.76. The total number of shares traded during the day was 43402 in over 1265 trades.

The stock hit an intraday high of Rs. 32.54 and intraday low of 30.25. The net turnover during the day was Rs. 1381654.00.

Source : Equity Bulls

Keywords

INE080B01012 KohinoorFoods AssetSale FactoryUnit OTS