GOCL Corporation sells forty four.25 acres land Kukatpally, Hyderabad by admin- Monday, August 30th, 2021 03:37:44 PM
GOCL Corporation rose over 17% touching to Rs. 282.20, after the agency entered into an settlement for selling its 44.25-acre land Hyderabad for for a attention of Rs 451.79 crore.
The Board of Directors at its assembly hung on August 30, the organization has entered into an Agreement dated August 27,2021 with Squarespace Infra City Private
Limited for sale of forty four.25 acres land at Kukatpally, Hyderabad issue to considered necessary approvals, for a attention of Rs.45l.79 crores. The Company has acquired a price of 100% of the consideration on execution ofan Agreement. The transaction is expected to be finished in 3 to six months’time. We will update on final touch of the transaction.
The closing land of about 32.09 acres will maintain under the JDA with HEPL for der elopment based on approvals.
HEPL and Squarespace Infra City aren’t related parties of the Company and aren’t associated with promoter / promoter institution / organization groups.