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Sanofi India informs about sale of building owned by the company

21 Nov 2015 Evaluate

With reference to the earlier letter dated July 21, 2015 wherein the Company had informed that the Board of Directors of the Company had approved of the Company selling its commercial property, being land admeasuring 5493.1 sq. mts. bearing Survey No. 54-A Hissa No. 2 and C.T.S. No. 18 of Village Chakala, along with the building known as Aventis House standing thereon, situated at Sir Mathuradas Vasanji Road, Andheri (East) Mumbai - 400 093, for a consideration of Rs1110 million, Sanofi India has now informed that the transaction has been completed on November 20, 2015, upon fulfillment of the conditions precedent and the Company has received the entire sale consideration of Rs1110 million from the purchaser.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
Sun Pharma. Inds. 1835.50
Dr. Reddys Labs. 1171.10
Cipla 1371.45
Lupin 2144.70
Zydus Lifesciences 1153.00
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