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Gujarat Poly Electronics Ltd gets land on lease from GIDC

The Company has received provisional transfer order (PTO) from Gujarat Industrial Development Corporation (GIDC).

July 29, 2022 11:48 IST | India Infoline News Service
Gujarat Poly Electronics Ltd has entered into Deed of Assignment for Plot No. B-17/P/1 situated at GIDC, Gandhinagar, Gujarat.
From Gujarat Industrial Development Corporation (GIDC), the Company has achieved provisional transfer order (PTO) granting its permission to transfer and assign the leasehold rights, title and interest in respect of the said Sub-Plot.
"Considering PTO, the Company grants, assigns, releases, conveys, transfers and assures unto the Assignee, all its leasehold rights, title and interest in the Sub Plot No. B-17/P/1 aggregating to 1550.624 square meters forming part of larger land bearing Plot no. B-17/P admeasuring 6240 square meters to the Assignee subject to fulfillment of terms and conditions as mentioned in the provisional transfer order (PTO) and receipt of the final transfer order from GIDC", the company said in a regulatory filing.

At around 11:48 AM, Gujarat Poly Electronics was trading at Rs33.50 per share up by Rs0.5 or 1.52% from its previous closing of Rs33 per share on the BSE.

For any queries related to the article, please contact: ankur.chandra@iifl.com 

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