Colinz Laboratories Sells Factory Undertaking for ₹4 Cr

Colinz Laboratories Ltd has completed the sale of its factory undertaking, including the factory building and land located in Nashik, for an aggregate consideration of ₹4,00,00,000. The company received the second and final tranche of the sale consideration, concluding all necessary formalities. The buyer, Hilsun Private Limited, is an unrelated third party. This transaction is outside the company's Scheme of Arrangement.