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Transfer of lease rights of Ambernath factory land

| Updated on October 30, 2012 Published on October 30, 2012

Rhodia Specialty Chemicals India Ltd has informed BSE that the Company had entered into an Agreement with Reliable Spaces Private Limited for transfer of lease rights of the land admeasuring 26 acres, situated at MIDC, Ambernath, Dist. Thane, Maharashtra, for a total consideration of Rs. 37 Crores (Rupees Thirty-seven Crores only) and an initial amount of Rs. 3.70 Crores (Rupees Three Crores Seventy Lakhs only) was received during April, 2012.

The Company has now received the balance consideration and executed the necessary documents with Reliable Spaces Private Limited and the possession of the said land has been handed over to Reliable Spaces Private Limited.

Source : BSE - >www.bseindia.com

Published on October 30, 2012
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