The company has received an aggregate consideration of Rs 1,102.50 crore in full and final payment in connection with its agreement to sell it s land located in Kolshet, Thane aggregating to about 87 acre.
Shares of Clariant Chemicals (India) surged over 12 percent intraday Thursday on completion of its sale. The Indian arm of the Swiss- based Clariant International has completed sale of the 87 acres of land near Mumbai to realty major Lodha Group and received Rs 1,102.5 crore in full and final payment.
"The company has received an aggregate consideration of Rs 1,102.50 crore in full and final payment in connection with its agreement to sell it s land located in Kolshet, Thane aggregating to about 87 acre to Ishwer Realty and Technologies Pvt Ltd (a subsidiary of Lodha Developers Pvt Ltd)," Clariant Chemicals (India) said in a statement to the BSE.
In April, Clariant Chemicals (India) had announced sale of this land parcel to the Mumbai-based realty company for Rs 1,154 crore.
At 12:04 hrs Clariant Chemicals India was quoting at Rs 970.20, up Rs 103.70, or 11.97 percent on the BSE.
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