Deals20 Oct 2025, 02:01 am
Jagatjit Industries Ltd. to Sell Property for Rs. 215 Crores, Reducing Borrowings
AI Summary
Jagatjit Industries Ltd. has executed an Agreement to Sell on 19th October, 2025, for a total sale consideration of Rs. 215 Crores. The property, situated at Plot no. 78, Sector 18, Gurugram, Haryana, includes two buildings and measures 16,200 Sq Mtrs. The net sales proceeds will be utilized to reduce the borrowings of the company. The buyer is a third-party buyer, unrelated to the Promoters/ Promoter Group/ Group Companies, and the transaction does not fall under the ambit of Related Party Transactions.
Key Highlights
- Jagatjit Industries Ltd. to sell property for Rs. 215 Crores
- Sale proceeds to reduce the company's borrowings
- Third-party buyer, not related to Promoters or Group Companies
- Transaction does not fall under Related Party Transactions
- Property contributed 11.22% of net worth including revaluation reserve in FY 2024-25