MoU30 Apr 2024, 08:53 pm
Munjal Auto Industries Enter into MoU for Land and Equipment Purchase from Shreeji Metazine LLP
AI Summary
Munjal Auto Industries Limited has announced that they have entered into a Deed of Assignment on April 29, 2024, to purchase leasehold land and attached Plant, Machinery and Equipment(s) from an unrelated party, Shreeji Metazine LLP. The land is located in GIDC, Sanand-II Industrial Estate, and the size of the agreement is for about 25,469 Square Meters. The consideration price is a total of Rs. 22 Crore, with Rs. 16.61 Crore for the land and Rs. 5.40 Crore for the equipment. No promoters, directors, or key managerial persons have an interest in this matter.
Key Highlights
- Munjal Auto Industries enters into an agreement with Shreeji Metazine LLP
- Deal involves the purchase of leasehold land and equipment
- Leasehold land measures approximately 25,469 Square Meters
- Total consideration price is Rs. 22 Crore
- No involvement of promoters, directors, or key managerial persons