Subsidiary12 Sept 2025, 02:23 pm
Cybele Industries Ltd. Sells Non-Core Assets Worth Rs. 9 Crores
AI Summary
Cybele Industries Ltd. has sold its land properties situated at Chinnaobalapuram Village, Gummidipoondi taluk, Thiruvallur District, Tamil Nadu State. The sale was effected in pursuance of the resolution passed by the Shareholders of the Company under Section 180(1)(a) of the Companies Act, 2013. The consideration received from the sale is Rs. 9,94,37,500/- (Rupees Nine Crores Ninety Four Thousand Three Hundred Seventy Five Only) from M/s Vellishwara Properties LLP, a Limited Liability Partnership. The sale was completed on 12th September, 2025.
Key Highlights
- Cybele Industries Ltd. sells non-core assets worth Rs. 9 Crores.
- The sale was completed on 12th September, 2025.
- The assets were sold to M/s Vellishwara Properties LLP.
- The sale was in pursuance of a resolution passed by the Shareholders under Section 180(1)(a) of the Companies Act, 2013.