Announced Sat, 27 Jun · 14:50 IST
Colinz Laboratories completes sale of Nashik factory for Rs 4 Cr
Price
▲ 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
+10.2%1-day move
₹75.55
prior close
₹79.32
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+10.2+15.1+8.0+2.6-2.5-12.0+5.8———
Up moveDown movePending
AI summary
Colinz Laboratories has completed the sale of its factory building and land situated at Sinnar, Nashik for a total consideration of Rs 4 Crores. The buyer is Hilsun Drugs and Foods Pvt Ltd, an unrelated third party. The second and final tranche of payment has now been received, concluding the deal. The transaction is not a related party deal and falls outside any scheme of arrangement.
Likely market impact
Factory undertaking fully divested; Rs 4 Cr cash inflow received but manufacturing fixed assets reduced.