Binny to sell 1.61 acres land at Chennai for Rs 24.58 crore

Binny has received an approval to sell land to an extent of 1.61 acres situated at Vyasarpadi, Chennai for a consideration of Rs 24.58 crore or higher price. The board of directors at its meeting held on November 20, 2015 has approved for the same.

The board of directors has also authorized the Executive Chairman and Managing Director of the company severally to finalize the sale and execute the necessary sale agreement.

Binny is engaged in the business of marketing textiles goods, marketing engineering and other products, shipping related business, operating cold storage at Cochin, travel agency business approved by IATA and TAI, real estate and Container Freight Station.