Hindalco to sell land at Kalwa to Ekamaya Properties

Hindalco Industries announced that the company shall now enter into transaction with Ekamaya Properties, a wholly owned subsidiary of Birla Estates for proposed sale of land situated at Kalwa, Maharashtra for a consideration of Rs 595 crore to be received in multiple tranches over a period of time and 1.5% of the sales revenue. The transaction is expected to be completed within 3 months.

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