Acquisitions21 May 2025, 04:25 pm
KEI Industries Acquires 74000 Sqm Land from RIICO for Future Expansion
AI Summary
KEI Industries Ltd has acquired land admeasuring 74000 sqm from Rajasthan State Industrial Development & Investment Corporation Limited (RIICO) at Industrial Plot No. SP3-4, 5 & 6 at Industrial Area, Salarpur, Khairthal-Tijara District, Rajasthan for an amount of approximately 93.58 crore. This acquisition is aimed for the company's future expansion. This information is shared in accordance with Regulation 30 of SEBI (LODR) Regulations, 2015 and Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Highlights
- KEI Industries Ltd has acquired 74000 sqm of land from RIICO.
- The land is located at Industrial Plot No. SP3-4, 5 & 6, Industrial Area, Salarpur, Khairthal-Tijara District, Rajasthan.
- The acquisition is for approximately 93.58 crore.
- The land will be used for the company's future expansion.
- The acquisition is in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015 and Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.