Announced Thu, 9 Jul · 19:47 IST
Srigee DLM sells Greater Noida property for ₹2.53 cr to promoter group entity
Strategic Transactions View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-2.5%1-day move
₹84.11
prior close
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base price
After-mkt
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AI summary
Srigee DLM has agreed to sell its registered office and manufacturing property at Greater Noida for ₹2.53 crore to a promoter group entity linked to director Ms. Richa Singh. The unit contributed about ₹6.73 crore or 9 percent of revenue last year. The company will lease back the premises until its new facility at Integrated Industrial Township is ready. It is a related party transaction done at arm's length with no expected material impact on operations.
Likely market impact
Minor asset sale to promoter group at arm's length. Operations continue via leaseback. No material business disruption expected.