BSEOmkar Speciality Chemicals LtdHighNeutral
Announced Thu, 25 Jun · 19:30 IST
Board approves sale of two Badlapur industrial plots
Strategic Transactions View source PDF
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
The board of Omkar Speciality Chemicals approved the sale of two industrial plots in MIDC Industrial Area, Badlapur, Thane. Plot W-83 measures 880 sq meters and Plot W-93 measures 720 sq meters. Directors were also authorized to take all necessary steps to complete the sale. The company will keep stock exchanges updated on further developments.
Likely market impact
Asset sale may bring in liquidity, but company appears to be under CIRP insolvency process, which adds uncertainty for shareholders.