Mafatlal Industries executes sale deed for sale of land for Rs16.40 crore; Stock spurts 2.5%

29 Mar 2022 , 10:41 AM

Mafatlal Industries Ltd stocks spurted nearly 3% on Monday after the disclosure of execution of sales deedfor certain land at Navsari.

As per the filing, on March 28, 2022 the company has signed sale deed in favour of Goldi Solar Private Limited for selling certain land at Navsari admeasuring apx. 72,000 sq. mtrs. for an aggregate consideration of Rs16.40 crore and accordingly said consideration is received by the Company.

At around 10:44 AM, Mafatlal Industries was trading at Rs181.95 apiece up by Rs4.65 or 2.62% from its previous closing of Rs177.30 apiece on the BSE.