Ishan Dyes and Chemicals to acquire industrial lease hold land at Rs23 crore

19 Oct 2022 , 11:37 AM

Ishan Dyes and Chemicals Limited has entered into and registered an agreement for the acquisition of an Industrial lease hold land admeasuring 10,358 sq. mtrs together with Industrial building admeasuring 835.88 sq. mtrs situated at Vatva, Ahmedabad.

As per the filing, the purpose of acquisition is for setting up manufacturing unit for inorganic chemicals.

The acquisition has been completed upon execution and registration of agreement dated October 17, 2022.

The Company had paid aggregate consideration of Rs22.98 crore.

On Wednesday, at around 11:38 AM, Ishan Dyes & chemicals Ltd is currently trading at Rs67.40 per share down by Rs1.25 or 1.82% from its previous closing of Rs68.65 per share on the BSE.

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