27 Jan 2022 , 04:05 PM
Ashirwad Steels & Industries Limited has on January 24 executed two fresh agreements with the purchaser company namely SHV Energy private limited regarding the sale of company's LPG Bottling Plant, situated at Uluberia industrial growth centre (WBIIDC), Howrah.
The first agreement is regarding sale, transfer and assignment of the entire lease hold land of the said plant (including civil structures and factory sheds built thereon) for a consideration value of rupees twelve crores (plus GST) and second agreement is regarding sale and transfer of all movable assets (including plant & machinery) of the said plant for a consideration value of rupees four crores plus GST.
These two fresh agreements are in substitution/replacement of the earlier Business transfer agreement dated 03.01.2019 executed with the said buyer company for a total consideration value of rupees sixteen crores. The total consideration amount of rupees sixteen crores has remained same and unchanged.
The deal was stuck for a long time for want of necessary approval from WBIIDC, the lessors of the land. The board had already taken the requisite approval of the shareholders of the Company in this matter vide postal ballot notice dated 25.06.2018.
At around 2:39 PM, Ashirwad Steels & Industries was trading at Rs18.45 per piece up by Rs0.85 or 4.83% on Sensex.
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.