Syncom Formulations India Ltd acquires commercial property

Syncom Formulations India Ltd's bid for the acquisition of a commercial property has been accepted by HDFC Bank Ltd., which is material in nature.

The company has successfully completed the purchase of the entire 3rd Floor, Trade Star, Andheri-Kurla Road, Andheri (E), Mumbai-400059.

In this regard, the company has made a total payment of ₹51,70,00,000 (Rupees Fifty-One Crore and Seventy Lakhs Only) to HDFC Bank Ltd towards the full and final consideration for the said acquisition.

Shares of SYNCOM FORMULATIONS (INDIA) LTD. was last trading in BSE at Rs. 15.86 as compared to the previous close of Rs. 15.99. The total number of shares traded during the day was 73078 in over 274 trades.

The stock hit an intraday high of Rs. 16.03 and intraday low of 15.80. The net turnover during the day was Rs. 1159140.00.

Source : Equity Bulls

Keywords

SYNCOMFORMULATIONSINDIA INE312C01025 Pharmaceuticals Acquisition CommercialProperty