Comments
Sanofi India said its board of directors has approved selling its commercial space of five floors and linked car parkings in Hoechst House at Nariman Point, Mumbai, to Bright Star Investments Pvt Ltd and its group companies for Rs 134.26 crore.
Each floor has a carpet area of 7,442 sqft. All the floors are on leave and licence basis to third parties as of now.
The transaction is expected to be completed in the third quarter of this fiscal, Sanofi said in a communiqué to the stock exchanges.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.