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Board of Konark Synthetic approves sale of its assets at GIDC, Sarigam

Capital Market 

At meeting held on 23 August 2019

The Board of Konark Synthetic at its meeting held on 23 August 2019 has approved to sell, transfer or otherwise dispose of the leasehold rights in its undertaking at Sarigam Industrial Estate, Gujarat Industrial Development Corporation, Sarigam - 396155 with underlying land bearing Plot No. 13 to 20 admeasuring approximately 9500 sq. mtrs. out of 18959 sq. mtrs. (approximately) and factory buildings standing thereon to Oribit Export ('Buyer') for an overall consideration of Rs.13.45 crore and balance land admeasuring approximately 9459 sq. mtrs. to any prospective buyer, in such manner/arrangements, for consideration as the Board may consider appropriate.

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First Published: Fri, August 23 2019. 19:23 IST