Deals30 Aug 2025, 10:31 am
Indoco Remedies Ltd Enters Sale & Lease Agreement for Movable Properties
AI Summary
Indoco Remedies Ltd has entered into a Sale Agreement and Lease Agreement on 29th August, 2025 for sale & lease back of part of the Company's movable properties at its Waluj Facility and AnaCipher Clinical Research Organisation. 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 total consideration for the sale is Rs. 24.65 Crores and the total lease fees for the tenure of 10 years and 33 days is Rs. 34.89 Crores. The security deposit for the aforesaid movable properties is Rs. 2.46 Crores.
Key Highlights
- Indoco Remedies Ltd has entered into a Sale Agreement and Lease Agreement for sale & lease back of part of the Company's movable properties.
- The sale and lease agreement is for the Company's properties at its Waluj Facility and AnaCipher Clinical Research Organisation.
- The sale 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 total consideration for the sale is Rs. 24.65 Crores and the total lease fees for the tenure of 10 years and 33 days is Rs. 34.89 Crores.
- The security deposit for the aforesaid movable properties is Rs. 2.46 Crores.