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Indian Hume Pipe enters into Agreement for Sale with M/s. Ashoka Builders India Pvt. Ltd for sale of the Company's freehold land
The Indian Hume Pipe Company has entered into Agreement for Sale with M/s. Ashoka Builders India Pvt. Ltd for sale of the Company's freehold land which was converted from leasehold land to freehold land by execution of Deed of Sale/Conveyance situated at Azamabad Industrial Area, Azamabad, Hyderabad, Telangana admeasuring about 18,311.57 Sq. Yards equivalent to 15,310.80 Sq. Mtrs for a total sale consideration of Rs. 173.96 Crores and out of that the Company has received an advance of Rs. 100 Crores from M/s. Ashoka Builders India Pvt. Ltd.
At 1.05 pm, The Indian Hume Pipe Company Ltd was trading at Rs. 405, up by 2.27%, with a volume of 710 shares on the BSE.
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