Automotive Stampings approves sale of land in Halol, Gujarat

The company board has approved the proposal for entering into MOU with the highest bidder.

Feb 01, 2021 05:02 IST India Infoline News Service

IT Stocks Up
Automotive Stampings and Assemblies Limited board has approved the sale of land in Gujarat in a meeting on Sunday.

The company stock ended Rs36.10 per piece up Rs0.90 or 2.56%, touching a high of Rs36.95 on the BSE during Monday's trade.

“The Board of Directors in their meeting held on January 31, 2021 have approved sale/ disposal/ transfer of land along with building located at survey no 173, Village: Khakharia, Taluka: Savali near GIDC, Halol – 389350, Gujarat subject to necessary approvals from concerned authorities and approved the proposal for entering into Memorandum of Understanding (MOU) with the highest bidder w.r.t. aforesaid transaction,” company said in a regulatory filing on Monday.

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