Munjal Auto Industries to transfer leasehold land at Vadodara; Stock trades lower

27 Apr 2022 , 10:45 AM

Munjal Auto Industries Ltd has entered into a Deed of Assignment on April 26, 2022 for transfer of Company’s surplus leasehold land admeasuring about 1,68,292 Square Meters situated at 187, GIDC Industrial Estate at Waghodia, Vadodara for lumpsum consideration amout of Rs50.48 crore.

As per the filing, the transfer of the land would take place on fulfillment of conditions by the transferee and after approval of GIDC. Hence it is not feasible to estimate time period of the expected date of transfer.

At around 10:47 AM, Munjal Auto Industries was trading at Rs47.15 apiece down by Rs0.15 or 0.32% from its previous closing of Rs47.30 apiece on the BSE.