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The board of Gujarat Poly Electronics on Monday approved the sale of surplus land at Gandhinagar Electronics Estate for an approximate value of ₹6.50 crore. The deal, which is subject to tax, is expected to be completed by March 2020, the company said in statements to stock exchanges. The company has reported topline of ₹3.05 crore and ₹3.35 crore in the December and the September quarters of FY20 respectively. The stock may see some buying interest due to the land deal.
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