W. S. Industries Acquires 54.89 Acres of Land for Rs. 46.66 Crores
W. S. Industries (India) Ltd. has announced that its wholly owned subsidiary, M/S. WSI-P&C Verticals Private Limited, has entered into a binding agreement with Arni Associates Private Limited for the acquisition of 54.89 acres of land. The land is situated at No.34, Sandavellur Village, Sriperumbudur Taluk, Kancheepuram District of Tamilnadu, and the consideration for the purchase is Rs. 46.66 Crores. This acquisition will bring the total land holding of the company and its subsidiary to approximately 400 acres in this location. The major portion of the lands acquired are already eligible for multiuse development through a Tamil Nadu government gazette notification. The property is in close proximity to Samsung, Foxconn, Hyundai and other major industrial establishments.
Key Highlights
- W. S. Industries (India) Ltd. is acquiring 54.89 acres of land for Rs. 46.66 Crores.
- The land is being acquired through its wholly owned subsidiary, M/S. WSI-P&C Verticals Private Limited.
- The land is situated in Tamilnadu and will bring the total land holding of the company and its subsidiary to approximately 400 acres.
- The major portion of the lands acquired are already eligible for multiuse development.
- The property is in close proximity to major industrial establishments such as Samsung, Foxconn, and Hyundai.