Steel Strips Infrastructures Ltd Executes Agreement to Sell Shops and Signs MOU for SAB Mall Residual Rights

Steel Strips Infrastructures Ltd has executed an Agreement to Sell with M/s. SMC Enterprises Private Limited for the sale of remaining four shops situated at SAB Mall, Noida, for a consideration amount of Rs.15 Crores. The Company has also signed an MOU with its sister concern, M/s Shubham Properties Private Limited for SAB Mall residual rights, for a total consideration amount of Rs.2 Crores. The proceeds will be utilized for payment of liabilities of the Company.