Deals1 Apr 2025, 05:33 pm
Man Industries Monetizes Its Subsidiary’s Non-Core Asset in Prime Nerul Location Valued at ~X720 Crores
AI Summary
Man Industries (India) Limited's subsidiary, Merino Shelters Private Limited, has monetized its Navi Mumbai land with Paradise Green- Spaces LLP. The land, approximately 6 acres opposite D.Y. Patil Stadium, Navi Mumbai, Maharashtra, is valued at approximately Rs. 3720 crores. The monetization program will span over a period of 5-6 years. The funds generated from this monetization will support the company's expansion plans, driving growth and unlocking significant value for shareholders.
Key Highlights
- Man Industries (India) Limited's subsidiary, Merino Shelters Private Limited, monetizes its Navi Mumbai land with Paradise Green- Spaces LLP.
- The land is approximately 6 acres opposite D.Y. Patil Stadium, Navi Mumbai, Maharashtra.
- The land is valued at approximately Rs. 3720 crores.
- The monetization program will span over a period of 5-6 years.
- The funds generated from this monetization will support the company's expansion plans, driving growth and unlocking significant value for shareholders.