Sale21 Mar 2026, 01:31 pm
ABC India Ltd. Approves Sale of Petrol Pump Unit Land for Rs. 3.10 Crores
AI Summary
ABC India Ltd. announced the outcome of its Board Meeting held on 21 March, 2026, where the sale of land of its Petrol Pump Unit located at Pune, Mumbai Road, NH 4, Talegaon Dabhade, was approved. The land will be sold to Mr. Ameya Shirish Malpathak & Mr. Nitish Shirish Malpathak for a consideration of Rs. 3.10 crores. The Board has authorized the officials to execute the necessary Memorandum of Understanding (MOU)/ Agreement(s) and documents. The sale is expected to be completed by 31 March, 2026, or any mutually decided date after due diligence by the purchaser.
Key Highlights
- ABC India Ltd. approves the sale of its Petrol Pump Unit land in Pune.
- The land will be sold to Mr. Ameya Shirish Malpathak & Mr. Nitish Shirish Malpathak for Rs. 3.10 crores.
- The sale is expected to be completed by 31 March, 2026, or any mutually decided date after due diligence by the purchaser.
- The sale consideration includes the right to transfer the Petrol Pump Dealership to the buyer.
- The purchaser does not belong to the promoter or promoter group of the company.
Price Impact
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