Sale31 Jul 2025, 07:52 pm
Rap Corp Ltd Sells Property for Rs. 62.12 Crores
AI Summary
Rap Corp Ltd has sold its immovable property situated at Plot No. 3C, Tajnagari Yojana Phase -1, Agra, Uttar Pradesh, for a consideration of Rs. 62.12 Crores. The property was held as stock in trade and the sale was approved by the shareholders at the 27th AGM held on 30th September 2021. The buyer, GSM INDIA, is a partnership firm and does not belong to the promoter/promoter group/group companies. The sale of the property does not fall within related party transactions and was completed immediately upon executing the agreement for sale on 31st July 2025.
Key Highlights
- Rap Corp Ltd sells property for Rs. 62.12 Crores
- Property was held as stock in trade
- Sale approved by shareholders at the 27th AGM
- Buyer is GSM INDIA, a partnership firm
- Transaction does not fall within related party transactions