Sikozy Realtors signs MOU to purchase Thane property of VHM Industries

The indicative time period of completion of acquisition is expected to be 13 months.

Mar 18, 2021 11:03 IST India Infoline News Service

Sikozy Realtors has informed that the Company has entered in to Memorandum of Understanding with VHM Industries Limited.

The MOU is signed for the purchase of the property which is situated at 106, Indian Corporation, Dapoda Village, Mankoli Naka, Bhiwandi, Dist- Thane.

The Company plans to develop residential or commercial property on the land for selling it to prospective customers. The indicative time period of completion of acquisition is expected to be 13 months.

According to the MOU, it has been entered to purchase property at prevailing Market price.

At around 11:05 AM, Sikozy Realtors was trading at Rs1.17 per piece up by 0.86% on Sensex.

In the previous closing, the stock stood at Rs1.16 per piece on the index. 

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