Ashima provides update on surrender of land to Ahmedabad Municipal Corporation

Receives no consideration for the surrender of land

Ashima announced that in reference to the surrender of 58,097 Square Meters of land to Ahmedabad Municipal Corporation on 30 August 2016, no consideration has been received by the Company from Ahmedabad Municipal Corporation towards the said surrender since the surrender of land is in accordance with the applicable GDCR bye-laws/regulations.

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