Shradha Infraprojects Limited has informed the Exchange about General Updates Execution of Sale Deed for sale of the property owned by the Company at the aggregate consideration of Rs. 6.00 (Rupees Six Crore Only)
SHRADHA · price
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Shradha Infraprojects Limited has informed the exchange about the execution of a Sale Deed for the sale of a property owned by the company. The aggregate consideration for this sale is Rs. 6.00 Crore (Six Crore Only). This is a one-time real estate transaction where the company is divesting an owned property. The buyer details and the nature/use of the property being sold have not been specified in the filing.
This transaction will bring in Rs. 6 Crore of cash inflow for the company, which could be used to reduce debt, fund new projects, or strengthen the balance sheet. For shareholders, it is a modest asset monetisation event rather than a core business development, so the stock price impact is likely to be limited.