Sale21 Jul 2026, 07:50 pm
Kings Infra Ventures Sells Kerala Land for ₹7 Lakhs/Cent
AI Summary
Kings Infra Ventures Ltd has approved the sale of its freehold land in Ernakulam District, Kerala, measuring 51.989 cents, for a consideration of ₹7,00,000 per cent. This move is part of the company's land bank monetization plan and aims to optimize resource utilization, unlock asset value, and generate funds for business requirements. The transaction is with Mr. Noel Thomas John and is subject to the execution and registration of the Sale Deed. The company stated that this is not a related party transaction.
Key Highlights
- Board approved sale of 51.989 cents of freehold land in Kerala.
- Sale consideration is ₹7,00,000 per cent, totaling ₹3,63,92,300.
- Transaction is part of land bank monetization strategy.
- Proceeds to be used for business requirements and corporate purposes.
Price Impact
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