Repro India Limited has informed the Exchange regarding ''.Completion of Sale/Transfer of Leasehold Rights in Non-Operational Immovable Property"
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Repro India Limited has completed the sale of leasehold rights in a non-operational property located at Trans Thane Creek Industrial Area, MIDC, Mahape, Navi Mumbai to STT Global Data Centres India Private Limited. The property spans 14,093 sq. meters and fetched a total consideration of Rs. 282 Crores. The entire amount has been received upon execution of the Assignment Deed dated May 22, 2026. The company clarified that this property contributed zero turnover or revenue. The buyer is not a related party and does not belong to the promoter or group companies. The company intends to use proceeds for debt reduction and balance sheet strengthening.
The transaction brings Rs. 282 crores in cash, improving the company's financial position and reducing leverage. Since the asset was non-core and non-operational, this is positive for the balance sheet without materially impacting ongoing business operations.