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Deepak Nitrite concludes sale of land at Sinhagadh Road, Pune, Maharashtra

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Capital Market

For Rs 69.60 crore

Deepak Nitrite announced that the Company has concluded the transaction of sale of parcel of land admeasuring 12,141 Sq. Mtrs, situated at Sinhagadh Road, Pune, Maharashtra for a total consideration of Rs. 69.60 crore.

Further, the Company has also surrendered/assigned its lease hold right in respect of adjoining land admeasuring 8093 Sq. Mtrs, situated at Sinhagad Road, Pune for a total consideration of Rs. 9.66 crore.

The above transactions are not a related party transactions and the buyer is not related to the promoter/promoter group/ Key Managerial Personnel of the Company.

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First Published: May 02 2016 | 2:24 PM IST

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