Sale29 Mar 2025, 08:27 pm
Ashima Ltd. Sells Land for Rs. 48 Crores, No Impact on Business Operations
AI Summary
Ashima Ltd. has sold land situated at Rakhial, Ahmedabad for a consideration of Rs. 48.00 Crores. The land, which was earlier used for cotton textile operations, is no longer required. The sale will not impact the business operations and does not constitute as an undertaking of the company. The company has received Rs. 33.60 crores as on date and the balance amount of Rs. 14.40 crores will be received in several tranches by 30.09.2025. The buyer does not belong to the promoter/promoter group/group companies.
Key Highlights
- Ashima Ltd. sells land for Rs. 48 Crores.
- The land was earlier used for cotton textile operations.
- The sale will not impact the business operations.
- The company has received Rs. 33.60 crores as on date and the balance amount of Rs. 14.40 crores will be received in several tranches by 30.09.2025.
- The buyer does not belong to the promoter/promoter group/group companies.