Announced Thu, 25 Jun · 14:54 IST
Elgi Rubber sells Coimbatore land for Rs 43.5 crore
Strategic Transactions View source PDF
ELGIRUBCO · 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
-6.5%1-day move
₹48.67
prior close
₹47.75
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+2.6-0.1+0.0+0.6-6.5-7.6-8.1-5.5+13.6+21.0+27.3+16.7——
Up moveDown movePending
AI summary
Elgi Rubber Company has completed the sale of 75 cents and 37 sq.ft of land along with a building on Trichy Road, Coimbatore to an unrelated buyer Mr. S. Senthilnathan for Rs 43.50 crore. The property is classified as a non-core asset, part of a larger 7.24-acre holding. The sale was approved by shareholders through a postal ballot in May 2023 and by the Board in February 2026. The transaction is not a related party deal.
Likely market impact
One-time cash inflow of Rs 43.5 crore from sale of non-core land. May strengthen balance sheet; not directly earnings-related.