Joint Venture13 Oct 2025, 07:23 pm
Aditya Birla Real Estate's Joint Venture, BAKPL, to Sell Plant and Machineries for Rs. 54.11 Crores
AI Summary
Aditya Birla Real Estate Ltd. announced that its joint venture, BAKPL, has entered into an agreement with RSWM Limited for the sale of its plant and machineries. The sale, for a cash consideration of Rs. 54.11 crores, is a result of the non-viability of the joint venture's knit fabric business operations due to economic disadvantages and huge operational costs. The operations of BAKPL are closed effective close of business hours on 13th October 2025.
Key Highlights
- BAKPL has entered into an agreement with RSWM Limited for the sale of its plant and machineries for Rs. 54.11 crores.
- The sale is a result of the non-viability of the joint venture's knit fabric business operations.
- The operations of BAKPL are closed effective close of business hours on 13th October 2025.
- Aditya Birla Real Estate Ltd. and Grasim Industries Ltd. are the partners in the joint venture.
- The joint venture has been non-viable due to economic disadvantages and huge operational costs.