Dr. Lal PathLabs Ltd Approves Acquisition of Immovable Property in New Delhi for INR 74.51 Crores
Dr. Lal PathLabs Ltd announced that its Board of Directors approved the acquisition of immovable property situated in New Delhi for a consolidated consideration amount of up to INR 74.51 Crores. The agreement will be entered between the company, The South Indian Bank Limited, Alternative Learning Systems Limited, Mr. Manoj Kumar Singh, Mr. Jojo Thayil Mathew, Mrs. Renju Jojo Mathews, Mr. Shashank Atom, Mrs. Preeti Sharma, and Aggarwal Towers Private Limited. The immovable property consists of four units, special rights, and designated parking area. The transaction does not involve any related parties and is not material in nature. The acquisition is subject to necessary approvals, consents, and permissions from the concerned authorities.
Key Highlights
- Dr. Lal PathLabs Ltd to acquire immovable property in New Delhi for INR 74.51 Crores.
- The agreement involves The South Indian Bank Limited, Alternative Learning Systems Limited, Mr. Manoj Kumar Singh, Mr. Jojo Thayil Mathew, Mrs. Renju Jojo Mathews, Mr. Shashank Atom, Mrs. Preeti Sharma, and Aggarwal Towers Private Limited.
- The property comprises four units, special rights, and designated parking area.
- The transaction is not material in nature and does not involve any related parties.
- The acquisition is subject to necessary approvals, consents, and permissions from the concerned authorities.