Savera Industries sells property in Coimbatore at Rs10.5 crore; Stock dives 3%

23 Aug 2022 , 12:57 PM

Savera Industries Ltd has executed Sale Deeds on August 20, 2022, effecting the sale of the Company’s property measuring an extent of one acre along with dilapidated building of 10,300 sq.ft. situated at Neelambur Village, Coimbatore, Tamil Nadu for a consideration of Rs10,50,00,000/- (Ten Crores Fifty Lakhs Only) on the terms and conditions.

“The buyer is a third party buyer who does not belong to any Promoter or Promoter Group Companies and this transaction does not fall under the ambit of Related Party Transactions”, the company said.

On Tuesday at around 1:00 PM, Savera Industries Ltd is currently trading at Rs64.05 per share down by Rs2.1 or 3.17% from its previous closing of Rs66.15 per share on the BSE.