Acquisitions1 Mar 2025, 06:58 pm
RAINBOW FOUNDATIONS LTD. Acquires Land for INR 112.00 Crores
AI Summary
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, RAINBOW FOUNDATIONS LTD. has announced the acquisition of a land admeasuring 65,989 sq.ft. (27.5 Grounds) along with a building for a total consideration of INR 112.00 Crores. The transaction also included a stamp duty and registration fee of INR 10.08 Crores. The acquired land and building are situated at New Door No.16, Old Door No.476, Kilpauk Garden Road, Kilpauk, Chennai-600010.
Key Highlights
- RAINBOW FOUNDATIONS LTD. has acquired a land and building in Chennai for INR 112.00 Crores.
- The acquired land admeasures 65,989 sq.ft. (27.5 Grounds) and includes a building.
- The transaction also included a stamp duty and registration fee of INR 10.08 Crores.
- The land and building are situated at New Door No.16, Old Door No.476, Kilpauk Garden Road, Kilpauk, Chennai-600010.
- This acquisition is part of the company's ordinary business activities.