Acquisitions28 Nov 2025, 02:23 pm
Gujarat Poly Electronics Ltd Acquires Leasehold Rights of Land and Factory Building for Rs. 3.65 Crores
AI Summary
Gujarat Poly Electronics Ltd has executed an agreement for acquiring leasehold rights of land along with a factory/building situated at Gandhinagar Electronic Estate, Gujarat. The total area of the land and building is approximately 800 square meters. The transaction is expected to be completed once the final transfer orders from the Gujarat Industrial Development Corporation (GIDC) are obtained. The agreement was executed on 28th November 2025, as the Provisional Transfer Order (PTO) was received from GIDC on the same day.
Key Highlights
- Gujarat Poly Electronics Ltd has agreed to acquire leasehold rights of land and a factory/building for a consideration of Rs. 3.65 crores.
- The agreement for acquisition was executed on 28th November 2025.
- The leasehold rights are for a land and factory/building situated at Gandhinagar Electronic Estate, Gujarat, with an approximate area of 800 square meters.
- The transaction is subject to obtaining final transfer orders from the Gujarat Industrial Development Corporation (GIDC).
- The agreement was executed as the Provisional Transfer Order (PTO) was received from GIDC on 13th November 2025.