Key Quantitative Figures
- Land area: 23 acres
- Acquisition cost: ₹41.00 Crores (including taxes and stamp duty)
- Consideration type: Cash
Parties Involved
- Transpek Industry Limited (acquiring party)
- Tata Steel Special Economic Zone Limited (TSSEZL) (seller)
- Alak D. Vyas, Company Secretary & Compliance Officer (signatory)
Location Details
- Asset: Industrial Land (Leased)
- Location: Tata Steel Special Economic Zone Limited (TSSEZL) Gopalpur Industrial Park, Gopalpur, Ganjam District, Odisha
Purpose and Rationale
The acquisition is for setting up a new chemical manufacturing unit and supports the company's future expansion and long-term growth strategy.
Transaction Details
- Nature of consideration: Cash
- Related party transaction: No
- Promoter/promoter group/group companies interest: None
Additional Information
- The disclosure is available on the company website: www.transpek.com
- Detailed information provided in Annexure I as required by SEBI circular