Jumbo Bag Ltd updates on land sale

Jumbo Bag Ltd has executed sale deed on 26th April, 2021 effecting the sale of the Company's land admeasuring 3.40 acre situated at Mouza-Dewanmaro, P.S Kharagpur (Local), District- Paschim Medinipur, West Bengal- 721301, along with the Company's entire right, title and interest in respect of and/ or in connection with the aforesaid Land, and the same has been registered with the Office Addl. District Sub- Registrar (A.D.S.R.) Kharagpur (Paschim Medinipur, West Bengal).

The company also executed sale Agreement on 26th April, 2021 effecting agreement for sale of the Company's land admeasuring 2.21 acre situated at Mouza-Dewanmaro, P.S Kharagpur (Local), District- Paschim Medinipur, West Bengal - 721301, along with the Company's entire right, title and interest in respect of and/ or in connection with the aforesaid Land, and the same has been registered with the Office Addl. District Sub- Registrar (A.D.S.R.) Kharagpur (Paschim Medinipur, West Bengal).

Consideration on the above mentioned Agreement for sale is received in part; balance amount is expected to be received before or at the time of registration of sale deed for the same.

Shares of JUMBO BAG LTD. was last trading in BSE at Rs.8.8 as compared to the previous close of Rs. 8.94. The total number of shares traded during the day was 4110 in over 11 trades.

The stock hit an intraday high of Rs. 9.38 and intraday low of 8.51. The net turnover during the day was Rs. 37423.

Source : Equity Bulls

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