Indian Hume Pipe Company Limited has informed the Exchange regarding a press release dated December 30, 2025, titled "Regulation 30 of SEBI (LODR) Regulations, 2015 Press Release".
INDIANHUME · price
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Indian Hume Pipe Company has completed the sale of its Hyderabad land asset, measuring about 18,311.57 square yards, to ASBL Private Limited (formerly Ashoka Builders India Private Limited) for a total consideration of INR 173.96 Crores. The company had held the property on leasehold for 94 years and recently obtained ownership before selling it. The transaction was finalized through a competitive bidding process, with Jones Lang Lasalle acting as transaction advisors and Cyril Amarchand Mangaldas as legal advisors. This is a non-core, one-time monetisation of a real estate asset and is not related to the company's main pipe manufacturing business.
This sale will bring in INR 173.96 Cr of cash for the company, which can strengthen its balance sheet, fund growth, or be distributed to shareholders. The stock may see a positive reaction due to the cash inflow, though the land was a non-operating asset so the impact on ongoing business is limited.