Dynavision Ltd to sell 2.63 acres land at Dr. Vikram Sarabhai Industrial Estate, Kottivakkam

The Board of Directors at its Meeting held on Wednesday, 10" April 2024, has accorded its approval for sale of land located at Dr. Vikram Sarabhai Industrial Estate, Kottivakkam, Chennai-600041 measuring about 2.63 acres, subject to necessary due diligence, approvals, consents, permissions from the concerned authorities, if any.

Accordingly, the Company intends to complete the aforesaid transaction which shall be subject to signing of definitive agreements between the parties and necessary regulatory and statutory approvals, if any.

As per the long term lease agreement with Apollo Hospital Enterprise Limited (AHEL), its has the right of first refusal for buying up the land lies with AHEL, when DVL intends to sell it.

The company intends to obtain quotes from reputed agencies in the sector to ascertain the realistic value of the property and intends to approach AHEL to understand and obtain an offer from them as well, before deciding on the sale.

Shares of DYNAVISION LTD. was last trading in BSE at Rs. 315.60 as compared to the previous close of Rs. 305.00. The total number of shares traded during the day was 4727 in over 111 trades.

The stock hit an intraday high of Rs. 325.85 and intraday low of 310.00. The net turnover during the day was Rs. 1503298.00.

Source : Equity Bulls

Keywords

DYNAVISION INE083E01010 LandSale Chennai Kottivakkam