Disclosure under Regulation 30 of SEBI (LODR) Regulation, 2015- Sale of Land.
JSLL · price
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Jeena Sikho Lifecare Limited has approved the sale of approximately 48 Bigha of non-operational land located at Village Ramnagar, Tehsil Rajpura, District Patiala, Punjab to Tresco Realty Group LLP for a total consideration of ₹24 crores. The land forms part of a larger property situated along the Chandigarh-Bathinda Highway. The company has clarified that no business operations are conducted on this land, and the sale does not constitute disposal of substantially the whole or any undertaking of the company. The transaction is not a related party transaction, and no promoters, directors, or key managerial personnel have any financial interest in the deal. The sale is expected to be completed after partition of the property and execution of the sale deed.
This sale is a non-core asset disposal that will bring in ₹24 crores in cash without affecting the company's business operations. It appears to be a routine real estate transaction for idle land and is unlikely to have any significant impact on the stock price.