Mukand to sell 9.20 acres Kalwa land for about Rs.506 crore
MUKANDLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Mukand Ltd has executed a term sheet on 15 July 2026 to sell around 9.20 acres of land at Kalwa, Thane to AGP DC Infra Private Limited (Bengaluru) at Rs.55 crore per acre, aggregating to about Rs.506 crore. The company has received an advance of Rs.10 crore. The buyer is not a related party. The sale is aimed at unlocking value and will not impact the company operations. Completion is subject to government approvals, NOCs, due diligence, and survey.
Positive: unlocks about Rs.506 crore from non-core land. No impact on operations. Pending approvals and due diligence.