Joint Venture1 Apr 2025, 03:18 am
Prashant India Ltd. Enters Agreement for Sale of Textile Division Assets to Shantilon Poly Private Limited
AI Summary
Prashant India Ltd. has entered into an agreement for sale with M/s Shantilon Poly Private Limited for the N.A. Industrial Land & Building of the Textile Division situated at Palsana. The transaction is a related party transaction, with two members of the promoter group of the Company being Directors of M/s Shantilon Poly Private Limited. The transaction is being entered into at arm's length basis.
Key Highlights
- Prashant India Ltd. has entered into an agreement for sale with M/s Shantilon Poly Private Limited.
- The agreement is for the N.A. Industrial Land & Building of the Textile Division situated at Palsana.
- Two members of the promoter group of the Company are Directors of M/s Shantilon Poly Private Limited.
- The transaction is a related party transaction.
- The transaction is being entered into at arm's length basis.