Sale26 Jun 2026, 11:28 am
3M India Sells Pune Land & Building for ₹82 Cr
AI Summary
3M India Limited announced the approval of the sale of approximately 4.13 acres of land with an 8,001 sq meter building in Pimpri, Pune, to Ranjangaon Bio Projects & Infra LLP for ₹82 crore. The transaction is expected to be completed by June 29, 2026. The company stated that the sale of this non-operational land parcel will not impact its business operations. The purchaser is unrelated to 3M India's promoters or group companies, and the transaction is not considered a related party transaction. This sale does not constitute a substantial part of the company's undertaking under the Companies Act, 2013.
Key Highlights
- 3M India to sell Pune land and building for ₹82 crore.
- Sale of non-operational asset will not impact business operations.
- Transaction is not a related party deal and is at arm's length.
- Sale does not represent a substantial part of the company's undertaking.
Price Impact
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