Nitco Limited completes land conveyance in Mumbai
1 report, 1 independent
Updated Oct 14
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What happened
Nitco Limited completed the conveyance and sale agreements for land in Kanjurmarg, Mumbai, with M/s. R Siddhatva Developers Private Limited. The company received ₹143 crore for 75% of the land. An agreement for sale was also registered for the remaining 25% of the property.
From equitybulls.com
Why it matters
The transaction monetizes corporate assets, with Nitco Limited expecting to realize approximately ₹250 crore in revenue from the sale of the remaining commercial space.
From equitybulls.com
Who's involved
- MumbaiLocation where the land transaction took place
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The entities involved
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Mumbai
capital city in Maharashtra, India