Mangalam Organics Limited sells land for Rs. 10.69 crore

Mangalam Organics Limited has sold clear and marketable titles of land admeasuring approximately 5.96 Acres i.e., 238.2 guntha (hereinafter referred to as "Immovable Property") located at Kumbhvali Village, Savroli Kharpada Road, Taluka Khalapur, Khopoli - 410 203 , Maharashtra, India for a total consideration of Rs. 10,69,52,000 including certain infrastructure cost.

As no business operations of the Company are carried out on the said land being sold, the said sale will not have any impact on the business operations of the Company.

Shares of Mangalam Organics Limited was last trading in BSE at Rs. 546.05 as compared to the previous close of Rs. 496.45. The total number of shares traded during the day was 13819 in over 748 trades.

The stock hit an intraday high of Rs. 546.05 and intraday low of 510.00. The net turnover during the day was Rs. 7458244.00.

Source : Equity Bulls

Keywords

MangalamOrganics INE370D01013 LandSale