New Launch1 Jan 2025, 11:58 pm
IND-SWIFT LABORATORIES LTD. Completes Land Purchase for New Facility
AI Summary
IND-SWIFT LABORATORIES LTD. has completed the purchase of land admeasuring 40 Bighas (approx.) located at Village Behra, Derabassi, Punjab, for a total consideration of INR 17.72 Crores (including stamp duty). This land will be utilized for setting up a new state-of-the-art formulations’ facility. The seller is a third-party seller and does not belong to the Promoter or Promoter Group / Group Company(ies) and the transaction does not fall under the ambit of Related Party Transaction(s).
Key Highlights
- IND-SWIFT LABORATORIES LTD. has completed the purchase of 40 Bighas of land in Derabassi, Punjab
- The land was purchased for a total consideration of INR 17.72 Crores
- The land will be used for setting up a new state-of-the-art formulations’ facility
- The seller is a third-party seller and not related to the Promoter or Promoter Group
- The transaction does not fall under the ambit of Related Party Transaction(s)