Deals9 May 2025, 01:09 pm
Alfred Herbert India Ltd Enters Agreement with Vibrancy Real Estates for Property Sale Worth INR 485 Crores
AI Summary
Alfred Herbert India Ltd has entered into a definitive registered deed of conveyance for the sale of its property situated at Kadugodi Industrial Area and Kadugodi-Whitefield Industrial Area, Bengaluru. The total area of the land measures 10 acres and 4211.36 square meters, respectively. The agreement is with Vibrancy Real Estates Private Limited, and the total consideration is INR 485,90,00,000. The agreement grants Alfred Herbert India Ltd special rights such as the right to appoint directors, first right to share subscription in case of sale of the above lands, and the right to restrict any change in capital structure.
Key Highlights
- Alfred Herbert India Ltd has entered into an agreement with Vibrancy Real Estates Private Limited
- The agreement is for the sale of Alfred Herbert India Ltd's property situated at Kadugodi Industrial Area and Kadugodi-Whitefield Industrial Area, Bengaluru
- The total area of the land measures 10 acres and 4211.36 square meters, respectively
- The total consideration for the sale is INR 485,90,00,000
- The agreement grants Alfred Herbert India Ltd special rights such as the right to appoint directors, first right to share subscription in case of sale of the above lands, and the right to restrict any change in capital structure