Held on 04 October 2016
Elantas Beck India announced that the Board of Directors of the Company vide its resolution dated 04 October 2016 has granted it's in-principle approval for the sale of Company's Property at Beck House, Sub Plot no. 2,3,4,5 (part) of Final Plot No. 85, Erandwane, Pune - 411004 admeasuring 2238.25 sq. mts. approx to Ajay Pitre, Pune including through his family members or legal entities nominated by him, at a lumpsum consideration of not less than Rs. 24 crore.The approval is subject to the terms and conditions to be agreed vide Memorandum of Understanding to be executed between the Company and Ajay Pitre, Pune and also subject to the compliance of the regulatory requirements and due diligence.
The proposal will be finally approved at the forthcoming meeting of the Board scheduled to be held on 25 October 2016.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
