Sale30 Sept 2026, 09:30 pm
Rane (Madras) Sells 3.48 Acres Land for ₹361.18 Cr
AI Summary
Rane (Madras) Ltd has completed the sale of a surplus land parcel measuring 3.48 acres located in Velachery, Chennai. The transaction, following an Agreement to Sell with Canopy Living LLP, involved the transfer of possession and recording of the sale. The total consideration for the land is ₹361.18 crores. The company has already received ₹200 crores of this amount, with the balance to be received as per the agreement terms. This sale is a divestment of a property asset.
Key Highlights
- Company sold 3.48 acres of land in Velachery, Chennai.
- Total sale consideration amounts to ₹361.18 crores.
- ₹200 crores received to date, balance to be paid as per agreement.
- This transaction represents a divestment of a surplus land parcel.
Price Impact
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