
Seshaasai Technologies Acquires Bangalore Property for ₹172.05M
Seshaasai Technologies Limited has acquired an immovable property located in Peenya IV Phase, Industrial Area, Bangalore, for a total consideration of ₹172.05 million. The acquisition, which exceeds the materiality threshold, is intended to support business operations, facilitate future expansion, and establish additional manufacturing facilities to meet long-term strategic requirements. The property spans 1600 square meters and was purchased from M/s Balaji Industries. The transaction was funded through internal accruals and is expected to enhance operational capabilities and provide infrastructure for anticipated business growth. The company confirms the transaction is at arm's length and has no adverse impact on operations.
Key Highlights
- Acquired factory premises in Bangalore for ₹172.05 million.
- Purpose is to expand manufacturing capacity and support future growth.
- Transaction funded by internal accruals.
- Property located in Peenya IV Phase, Industrial Area, Bangalore.
- Acquisition is not a related party transaction.
Price Impact
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