Sale11 April 2026 at 03:00 pm
Everest Industries completes Phase I land sale for ₹100.83 Cr
AI Summary
Everest Industries Ltd has concluded Phase I of its vacant land sale in Podanur, Coimbatore, by executing a Sale Deed with G Square Properties Private Limited on April 10, 2026. The company sold 16.84 acres, receiving ₹100.83 crore. This amount is part of the total consideration of ₹133.86 crore for the entire land parcel. The remaining 6.48 acres are expected to be sold by November 4, 2026. The transaction is not considered a related party transaction.
Key Highlights
- Everest Industries sold 16.84 acres of vacant land in Coimbatore.
- Received ₹100.83 crore from Phase I of the land sale.
- Total land sale consideration is ₹133.86 crore.
- Balance 6.48 acres expected to be sold by November 2026.
- The transaction is with G Square Properties Private Limited.