Board of Finolex Ind approves proposal for transfer of leasehold land

At meeting held on 15 September 2021

The Board of Finolex Industries at its meeting held on 15 September 2021 has approved the proposal for transfer of Company's leasehold rights in the MIDC land admeasuring approximately 70 acres along with the structures standing thereon located at D-1 / 10, M.I.D.C, Chinchwad, Pune - 411 019 subject to necessary due diligence, approvals, consents, permissions from the concerned authorities including MIDC to one or more parties in part, piecemeal or in full for a total consideration not less than Rs. 725 Crore to be received in one or more tranches.

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