Announced Tue, 21 Jul · 15:44 IST
Tirupati Foam to sell surplus Greater Noida land for Rs 30 Cr plus
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
+10.9%1-day move
₹71.00
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+10.9+16.4+22.2+28.3——————
Up moveDown movePending
AI summary
Board approved sale of about 9,325 sq m surplus land at Ecotech I Extension, Greater Noida to Neumann Components Pvt Ltd for not less than Rs 30 Crore. Production was already suspended and machinery shifted to adjacent plot. Buyer is an independent party, not related to promoters. Deal subject to shareholder approval at 39th AGM, expected completion within 6 months. No impact on business operations.
Likely market impact
Cash inflow of Rs 30 Cr plus from non-core asset sale. No impact on operations as production was already shifted. Subject to shareholder approval.