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Symphony’s arm sells part of its Land & Building for Rs 13.21 crore

24 Sep 2015 Evaluate

Symphony’s Mexico based subsidiary -- Impco S. de R. L. de. C. V -- has sold a part of its Land & Building located on Carr. Miguel Aleman 6061, Col. America, Guadalupe, Nuevo Leon at a consideration of Mexican Pesos 33.6 million or Rs 13.21 crore plus VAT. Further surplus real estate will be monetized in the times to come.

This initiative will help Impco retire internal debt to parent company. This will improve its profitability by reduction in interest, depreciation, overhead and exposure to foreign exchange fluctuations. This transaction is not falling within the specified related party transaction norms.

Symphony recognizes the importance of emerging non-traditional segments and will evolve policies and develop products to fully harness their potential, while continuing to reap strong relationships with its vast network of dealers in the traditional trade channel.

Symphony Share Price

812.75 0.90 (0.11%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Redington 234.90
Adani Enterprises 2218.35
Amrapali Industries 17.53
Rashi Peripheral 455.25
PDS 301.45
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