Kamdhenu Limited has informed regarding update on Acquisition
KAMDHENU · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kamdhenu Limited has cancelled its proposed purchase of an immovable property located at Village Hajipur, Tehsil Kotkasim, District Alwar, Rajasthan. The Board had approved the acquisition subject to completion of due diligence including title verification, compliance checks, property inspections, and clearance from Bhiwadi Integrated Development Authority. Upon due diligence, certain observations and issues were noted, leading to the cancellation with immediate effect. The company has indicated the transaction may be revisited later if due diligence concerns are resolved.
The cancellation removes a potential asset addition for the company. No material impact expected as the deal was still in the due diligence stage and no consideration appears to have been paid. The stock is unlikely to react significantly to this update.