Sale31 Oct 2026, 02:00 pm
Galaxy Bearings Completes Land Sale Tranche 2 for ₹150 Lakhs
AI Summary
Galaxy Bearings Ltd has successfully executed the definitive Sale Deed for Tranche 2 of its industrial land sale. The transaction involves selling 5,700 Sq. Meters of land to TREEFAC WORKS LLP for a consideration of ₹150 Lakhs (₹1.5 Crore). This marks the completion of Tranche 2, following earlier disclosures and a temporary deferral due to administrative requirements. The sale is not a related party transaction and the land was unutilized, not contributing to operational revenue.
Key Highlights
- Definitive Sale Deed for Tranche 2 land sale executed.
- Transaction value stands at ₹150 Lakhs (₹1.5 Crore).
- 5,700 Sq. Meters of unutilized industrial land sold.
- Buyer is TREEFAC WORKS LLP, not a related party.
- Sale completion follows earlier deferral due to administrative issues.
Price Impact
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