MoU5 Mar 2026, 07:34 pm
Elegant Floriculture & Agrotech India Ltd Enters MoU for Sale of Land to Deep Diamond India Limited
AI Summary
Elegant Floriculture & Agrotech India Ltd has entered into a Memorandum of Understanding (MoU) with Deep Diamond India Limited for the proposed sale of agricultural land owned by the company. The total consideration for the sale is INR 18,00,00,000 (Rupees Eighteen Crore Only). The sale is expected to be completed upon fulfilment of the conditions precedent and receipt of the balance consideration as per MoU.
Key Highlights
- Elegant Floriculture & Agrotech India Ltd has entered into an MoU with Deep Diamond India Limited
- The proposed sale is of agricultural land owned by the company
- The total consideration for the sale is INR 18,00,00,000
- The sale is expected to be completed upon fulfilment of conditions precedent and receipt of balance consideration as per MoU
- Deep Diamond India Limited is not a related party of Elegant Floriculture & Agrotech India Ltd