Deals1 Aug 2025, 03:30 pm
Indoco Remedies Ltd Enters into Sale & Lease Agreement for Waluj Facility Movable Properties
AI Summary
Indoco Remedies Ltd has entered into a Sale Agreement and Lease Agreement on 31st July, 2025 for sale and lease back of part of the Company's movable properties at its Waluj Facility. The sale of the aforesaid movable properties will not impact the manufacturing or business of the Company, as the Company will continue to use the said movable properties on lease basis. The Sale Agreement is entered into between Indoco and OPC Asset Solution Pvt. Ltd, while the Lease Agreement is also between Indoco and OPC Asset Solution Pvt. Ltd. The total consideration for the sale is Rs. 27.21 Crores and the total lease fees for the tenure of 10 years is Rs. 37.98 Crores.
Key Highlights
- Indoco Remedies Ltd has entered into a Sale Agreement and Lease Agreement for sale and lease back of part of the Company's movable properties at its Waluj Facility.
- The sale consideration is Rs. 27.21 Crores and the total lease fees for the tenure of 10 years is Rs. 37.98 Crores.
- The sale and lease back will not impact the manufacturing or business of the Company.
- The Sale Agreement is entered into between Indoco and OPC Asset Solution Pvt. Ltd.
- The Lease Agreement is also between Indoco and OPC Asset Solution Pvt. Ltd.