Indoco Remedies Limited has informed the Exchange about Agreements
INDOCO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Indoco Remedies has sold part of its movable properties (likely machinery/equipment) at its Waluj manufacturing facility in Aurangabad to OPC Asset Solution Pvt. Ltd for Rs. 27.21 Crores (including GST). The company has simultaneously leased back these same properties for 10 years (Aug 2025 to July 2035), with total lease payments of Rs. 37.98 Crores and a security deposit of Rs. 2.72 Crores. The transaction is not with a related party, and the company has confirmed that manufacturing and business operations at the Waluj facility will continue unaffected since it retains use of the assets on lease. This is a standard sale-and-leaseback arrangement to free up capital tied in physical assets while continuing to use them.
The company unlocks Rs. 27.21 Crores in cash upfront without disrupting operations, which can be used for working capital or growth. Over 10 years, it will pay back Rs. 37.98 Crores in lease rent, meaning a net outflow of around Rs. 13.5 Crores over the decade. Neutral to mildly positive for shareholders as it improves liquidity without affecting business continuity.