Deals14 Oct 2025, 06:25 pm
Colinz Laboratories Ltd Approves Sale of Factory and Office Premises on Slump Sale Basis
AI Summary
Colinz Laboratories Ltd has approved the sale of its Factory situated at Plot No 60, STICE, Sinnar-Shirdi Road, Sinnar, Nashik-422112 and Office Premises situated at A-101, Pratik Estate, Mulund Link Road, Bhandup West, Mumbai-400078 to unrelated third parties. The sale will be on a slump sale basis, supported by an independent valuation and fairness opinion. The transaction is expected to have no material impact on the company's key financials.
Key Highlights
- Colinz Laboratories Ltd has approved the sale of its Factory and Office Premises.
- The sale will be on a slump sale basis.
- The transaction is supported by an independent valuation and fairness opinion.
- The buyer is an unrelated third party and not part of the promoter or promoter group.
- The sale is expected to have no material impact on the company's key financials.