Sale1 Mar 2025, 06:12 pm
Unichem Laboratories Ltd. Approves Sale of Property for Rs. 279 Crores
AI Summary
Unichem Laboratories Ltd. announced the sale of a vacant property, previously used as its registered office in Jogeshwari (West), Mumbai, for a lump sum consideration of Rs. 279 crores. The property, which does not constitute a substantial part of the company's undertaking, is expected to be sold by 30th June 2025. The buyer is Macrotech Developers Limited, and the transaction does not fall under related party transactions or a scheme of arrangement.
Key Highlights
- Unichem Laboratories Ltd. approved the sale of a vacant property for Rs. 279 crores.
- The property, previously used as the company's registered office, does not constitute a substantial part of the company's undertaking.
- The buyer is Macrotech Developers Limited.
- The transaction is expected to be completed by 30th June 2025.
- The sale does not fall under related party transactions or a scheme of arrangement.