Sale of 3.48-acre Velachery land completed for Rs. 361.18 cr

Strategic Transactions View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

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prior close

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Nifty Microcap 250market · in no size index; the smallest one is used-1.3%+1.2% vs market

Auto Components & Equipments peers, median of 122sector-2.0%+1.9% vs sector

On the reaction day the stock moved 1.2 pts more than Nifty Microcap 250 and 1.9 pts more than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Auto Components & Equipments peers, median of 122Pending

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AI summary

Rane (Madras) has completed the sale of 3.48 acres of freehold surplus land at 154 Velachery Main Road, Chennai to Canopy Living LLP for a total consideration of Rs. 361.18 crores. The company has already received Rs. 200 crores, with the balance to be received in line with the agreement terms. This is an update to earlier disclosures from June 2025.

Likely market impact

Strengthens cash flow by up to Rs. 361.18 cr; pending balance of about Rs. 161 cr to follow, aiding balance sheet.