Bhartiya International Limited has informed the Exchange regarding Pursuant to Regulation 30 of the Listing Regulations, this is to inform you that Audit Committee of the Board at its meeting held today, has approved a transaction for sale of a property situated at Gottigere Village, Uttarahalli Hobli, Bangalore South Taluk. The Company is in the process of executing definitive agreement(s) in accordance with the applicable laws and procedural requirements.
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Bhartiya International Limited has informed the stock exchange that its Audit Committee has approved the sale of a property located at Gottigere Village, Uttarahalli Hobli, Bangalore South Taluk. The transaction is currently in progress and the company is in the process of executing the final definitive agreements as per applicable laws. No details on the buyer, sale price, or expected timeline have been disclosed in this filing. The announcement is being made under Regulation 30 of the Listing Regulations.
This is a routine asset sale by the company and the financial impact on shareholders will depend on the sale value and how the proceeds are used, which have not been disclosed yet. Investors should watch for further updates once definitive agreements are executed.