Sale26 Jun 2026, 11:29 am
3M India Sells Pune Land & Building for ₹82 Cr
AI Summary
3M India Limited's Board of Directors has approved the sale of approximately 4.13 acres of land and an 8,001 sq meter building located in Pimpri, Pune, Maharashtra, to M/s. Ranjangaon Bio Projects & Infra LLP for ₹82 crore. The sale is expected to be completed by June 29, 2026. The company stated that the land and building are not used for business operations and therefore, the sale will not impact its business. The transaction is not considered a related party transaction and does not fall under Section 180(1)(a) of the Companies Act, 2013.
Key Highlights
- 3M India to sell non-operational land and building in Pune.
- Sale consideration amounts to ₹82 crore.
- Transaction is not expected to impact business operations.
- Purchaser is unrelated to 3M India's promoters or group companies.
- Sale is not a related party transaction.
Price Impact
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