Announced Tue, 21 Jul · 19:46 IST
Board approves sale of Kerala land parcel for about Rs 3.64 crore
Strategic Transactions View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
+1.5%1-day move
₹116.15
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After-mkt
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AI summary
Kings Infra Ventures board approved selling 51.989 cents of freehold land in Chengamanadu village, Ernakulam, Kerala, to Mr. Noel Thomas John at Rs 7 lakh per cent, totalling about Rs 3.64 crore. This is part of the company's land bank monetisation plan to unlock value from non-core assets and fund business needs. The transaction is not between related parties and the promoter group has no interest in it.
Likely market impact
Inflow of about Rs 3.64 crore from non-core asset sale; supports business funding. Small ticket for a listed entity.