Divestment12 Aug 2026, 01:54 pm
Jyothy Labs Sells Jammu Facility for ₹9.93 Cr
AI Summary
Jyothy Labs Ltd has announced the transfer and assignment of leasehold rights for its manufacturing facility in Jammu to M/s. Aikyam Flexipack Private Limited. The transaction, valued at approximately ₹9.93 crores, is expected to be completed by March 31, 2027, subject to mutually agreed conditions. This move represents a divestment of a specific asset, potentially to streamline operations or focus on core business areas. The company has informed the stock exchanges about this development.
Key Highlights
- Jyothy Labs is transferring leasehold rights of its Jammu manufacturing facility.
- The sale consideration is approximately ₹9.93 crores.
- The transaction is expected to conclude by March 31, 2027.
- The buyer is M/s. Aikyam Flexipack Private Limited.
- This is a divestment of a specific asset.
Price Impact
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