3M India board approves sale of Pune land and building for Rs 82 Crore

3MINDIA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-0.9%1-day move

₹33485.00

prior close

₹33380.00

base price

After-mkt

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AI summary

3M India's board approved selling a non-operational land parcel of about 4.13 acres along with a building of around 8,001 sq meters built-up area in Pimpri, Pune, Maharashtra to Ranjangaon Bio Projects and Infra LLP for Rs 82 Crore. The company clarified that no business operations are carried out on the property, so the sale will not affect operations. The buyer is not related to promoters or group companies, and it is not a related party transaction. The definitive agreement is expected to be executed on or about June 29, 2026.

Likely market impact

Mildly positive - Rs 82 Crore cash inflow from a non-core, non-operational asset sale, with no impact on ongoing business.