Key Transaction Details
Property Details: Leasehold Industrial Land having Plot no. A-09-A, admeasuring 30,700.00 Square Meters at Industrial Smart Industrial Township Pithampur Sector-7, District Indore, Madhya Pradesh.
Counterparty: Madhya Pradesh Industrial Development Corporation (MPIDC), Regional Office at Indore
Transaction Type: Leasehold Industrial Land acquisition
Consideration: ₹7.02 Crore (Rupees Seven Crore Two Lakhs)
Purpose: The leasehold land acquisition is in line with the Company's long-term expansion strategy and is expected to strengthen/augment its operational capabilities. The acquisition will strengthen the Company's ability to undertake capacity expansion, diversify its product portfolio, and support future business opportunities.
Ownership and Relationship Details
- Shareholding in MPIDC: Nil
- Sellers do not belong to promoter/promoter group/group companies
- Transaction does not fall within related party transactions
- Transaction is not part of any Scheme of Arrangement
- No shares issued for the transaction
Financial Impact
Capital expenditure of ₹7.02 crore for acquisition of leasehold industrial land. The transaction involves cash outflow for land acquisition.