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Safari Industries (India) buys land in Gujarat

The company said its wholly-owned subsidiary, Safari Manufacturing, purchased a land with constructed property at Halol in Gujarat for Rs 22.51 crore.

December 04, 2021 10:16 IST | capital market
Safari Manufacturing has executed a sale-purchase agreement with Lear Automotive (India) on 3 December 2021 for purchasing land with constructed property along with the buildings and utilities present on site situated at Mouje, Taluka: Halol, District: Panchmahal, Gujarat for a total consideration of Rs 22.51 crore.

The aforesaid document shall be followed by Sale Deed, subject to completion of Conditions Precedent and necessary approvals, if any, Safari Industries (India) said in a statement.

On a consolidated basis, Safari Industries (India) reported net profit of Rs 10.62 crore in Q2 September 2021 as against net loss of Rs 8.97 crore in Q2 September 2020. Net sales rose 199.65% to Rs 188.60 crore in Q2 September 2021 over Q2 September 2020.

Safari Industries (India) is in the business of manufacturing and trading of luggage and luggage accessories.

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The average score for Prestige Estates Projects Limited stands at 4 against 6, three months back.

Prestige Estates Projects Limited is engaged in the business of real estate development. The Company’s principal products/services include Development and construction

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