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Safari Industries (India) arm executes Sale-Purchase Agreement with Lear Automotive for Rs22.51cr

The SPA is for the purpose of purchase of land with constructed property along with the buildings and utilities present on-site situated in Panchmahal, Gujarat.

December 06, 2021 12:17 IST | India Infoline News Service
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Safari Manufacturing Limited, wholly-owned subsidiary of Safari Industries (India) Limited has executed a Sale-Purchase Agreement with Lear Automotive (India) Private Limited on December 3, 2021, for the purpose of purchase of land with constructed property along with the buildings and utilities present on-site situated at Mouje: Halol, Taluka Halol, District Panchmahal, Gujarat (said property) for a total consideration of Rs22.51cr including all taxes, if any.

“The aforesaid document shall be followed by Sale Deed, subject to completion of Conditions Precedent and necessary approvals, if any,” the company said in a filing.

At around 12.21 pm, Safari Industries (India) Ltd was trading at Rs851.15 per piece down by Rs0.65 or 0.08% from its previous closing of Rs851.80 per piece on the BSE.

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