Business Update28 Mar 2024, 06:28 pm
W.S. Industries (India) Limited: Board Approves Investment in M/s.P & C Realty Promoters Private Limited for 28.13 Acres of Land Adjacent to Existing Holdings
AI Summary
At a recent Board Meeting, W.S. Industries (India) Limited approved an investment of Rs.6 crores in M/s.P & C Realty Promoters Private Limited for the acquisition of 28.13 acres of land adjoining their existing 254-acre holding. The land was purchased under an e-auction conducted by IDBI Bank Limited on December 6, 2023.
Key Highlights
- The Company's Board has approved an investment in M/s.P & C Realty Promoters Private Limited
- Rs.6 crores will be invested for acquiring 28.13 acres of land
- The land to be acquired is adjacent to the Company's existing 254-acre holding
- The land was purchased under an e-auction by IDBI Bank Limited on December 6, 2023