Envair Electrodyne sells land and building for Rs11.50 crore; Stock jumps ~5%

10 Jun 2022 , 09:18 AM

Pursuant to the special resolution passed by the shareholders of Envair Electrodyne Ltd on February 07, 2022 by way of postal ballot, the Company has sold Land and Building situated at Bhosari, Pune admeasuring 3,568 Sq. mtrs for a total consideration of Rs11.50 crore, said company in a regulatory filing on Thursday.

At around 9:17 AM on Friday morning, Envair Electrodyne was trading at Rs27.50 per piece higher by 4.76% on the BSE.

Envair Electrodyne Ltd., formerly known as Kirloskar Electrodyne is a part of the multi-crore Kirloskar group. Unit at Bhosari, Pune is engaged in oil purification and sheet metal fabrication.