Safari Industries India Ltd's subsidiary to purchase land and property at Panchmahal district

Safari Manufacturing Limited i.e. Safari Industries India Ltd's wholly owned subsidiary has executed a Sale-Purchase Agreement with Lear Automotive (India) Private Limited yesterday i.e. on 3rd December 2021 for the purpose of purchase of land with constructed property along with the buildings and utilities present on site situated at Mouje: Halal, Taluka Halal, District Panchmahal, Gujarat ('said property') for a total consideration of INR 22,51,00,000/- (INR Twenty-Two Crores and Fifty One Lakhs Only) including all taxes, if any.

The aforesaid document shall be followed by Sale Deed, subject to completion of Conditions Precedent and necessary approvals, if any.

Shares of Safari Industries (India) Limited was last trading in BSE at Rs. 851.80 as compared to the previous close of Rs. 852.55. The total number of shares traded during the day was 1439 in over 220 trades.

The stock hit an intraday high of Rs. 865.05 and intraday low of 844.95. The net turnover during the day was Rs. 1239723.00.

Source : Equity Bulls

Keywords

SafariIndustriesIndiaLimited INE429E01023 SafariManufacturing LandPurcahse PanchmahalDistrict Gujarat