Acquisitions29 Jun 2026, 03:31 pm
Mangal Electrical Acquires Land for ₹8 Cr for Expansion
AI Summary
Mangal Electrical Industries Limited has acquired industrial land measuring 1.4315 Hectares in Sikar, Rajasthan, for ₹8.00 Crore. The acquisition is intended to expand its manufacturing facilities and support future business operations and long-term growth strategy. The transaction is a cash consideration and is not a related party transaction, entered into on an arm's length basis.
Key Highlights
- Acquired 1.4315 Hect. industrial land in Rajasthan.
- Acquisition cost is ₹8.00 Crore, excluding incidental expenses.
- Purpose is expansion of manufacturing facilities and future operations.
- Transaction is on an arm's length basis, not a related party deal.
Price Impact
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