Goodricke Group Sells Artworks for ₹27.75 Cr
Goodricke Group Ltd has announced the sale of certain non-core assets, comprising a collection of artworks, through a public auction. The total sale proceeds amounted to approximately INR 27.75 Crores. This strategic divestment, approved by the Board of Directors, aims to unlock value and enable the company to focus on its core business activities. The transaction was conducted via auction and is not considered a related party transaction. The sale is expected to positively impact the company's cash position.
Key Highlights
- Sale of non-core art collection for ₹27.75 Crores.
- Strategic divestment to focus on core business activities.
- Transaction conducted through public auction, not a related party deal.
- Expected positive impact on company's cash position.
Price Impact
More from GOODRICKE
Goodricke Group Ltd Closes Trading Window for Q2 FY27 Results
Goodricke Group declares Q1 FY27 Unaudited Financial Results
Goodricke standalone Q1 PAT swings to ₹40.9 Cr as 41% crop recovery lifts OPM to 17.9%