We have executed a Memorandum of Understanding (MoU) on June 25 2021 for the sale of Freehold land of the Company admeasuring approx. 47 acres situated at Kalwe and Dighe in Thane district for a consideration of Rs. 752.11 crore and have received an initial advance of Rs. 10 crore.
The aforesaid MoU is subject to fulfilment of certain conditions precedent stipulated therein for completion of the sale/assignment of the aforesaid land.