Bliss GVS Pharma purchases immovable property from JMFARC

The agreement is under the provisions of SARFAESI Act.

Sep 20, 2021 01:09 IST India Infoline News Service

Business Graph
Bliss GVS Pharma Ltd has informed that, the Company has purchased Immovable Property situated at Village lshwarpura, Asoj, Taluka Waghodia, Vadodara Halol Highway, District Vadodara, Gujarat admeasuring 1,15,187 sq. mtrs. from JM Financial Asset Reconstruction Company Limited ("JMFARC") by way of Private Treaty.

The agreement is under the provisions of SARFAESI Act for the expansion of Manufacturing Capability, Research & Development, Business Operations and Development of the Company.

In this regard, the Company has received Sale Confirmation Letter dated September 17, 2021 from JMFARC.

At around 1:37 PM, Bliss GVS Pharma was trading at Rs113.65 apiece up by Rs0.7 or 0.62% from its previous closing of Rs112.95 apiece on the BSE.

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