Indian Metals & Ferro Alloys Ltd has entered into a Joint Development Agreement ("JDA") with M/S Adventz Finance Private Limited to develop the property situated at No.44, Chowringhee Road, Kolkata, ("Premises") having a land area of 28,345 square feet and will have a developed area admeauring 93,539 square feet.
The terms and conditions of the JDA are subject to the approval of the Official Trustee, Government of West Bengal.
M/s Adventz Finance Private Limited is not a related party of the Company.
Shares of INDIAN METALS & FERRO ALLOYS LTD. was last trading in BSE at Rs.264.45 as compared to the previous close of Rs. 268.6. The total number of shares traded during the day was 13470 in over 395 trades.
The stock hit an intraday high of Rs. 273 and intraday low of 263.4. The net turnover during the day was Rs. 3598593.