Deals30 Dec 2024, 08:41 pm
Bombay Burmah Trading Corp. Ltd. to Sell Land and Windmills for Rs. 50.12 Crores
AI Summary
Bombay Burmah Trading Corp. Ltd. has received board approval for the sale of land and windmills in Muppandal, Thovalai, Kanyakumari District, Tamil Nadu, to SAV Construction and Muthukumar Enterprises and their affiliates for a total consideration of Rs. 50.12 Crores. The transaction is subject to necessary due diligence, approvals, consents, permissions from the concerned authorities, and the signing of definitive agreements.
Key Highlights
- The sale includes approximately 40.37 acres of land and 12 windmills.
- The total consideration for the sale is Rs. 50.12 Crores.
- The transaction is subject to necessary approvals and the signing of definitive agreements.
- The buyers, SAV Construction and Muthukumar Enterprises and their affiliates, do not belong to the promoter or promoter group of the Company or any group companies.
- The sale is not a related party transaction and is not part of a Scheme of Arrangement.