Live Webinar on "How to Invest successfully to reach goals without losing sleep" Sign up for Live Webinar
Did you know?
What made us buy IEX@193, Tata Power@56, Titan@330, Divis@629, Persistent@700.

Rallis India inks pact with IKEA for land lease

30 Mar 2016

Rallis India, a Tata Group company has signed an agreement for assignment of its leasehold rights in respect of its leasehold land at MIDC Industrial area, Turbhe, Navi Mumbai to IKEA India for Rs 214 crore.

The transaction is subject to IKEA getting the required approval from regulatory authorities, including approval from the Maharashtra Industrial Development Corporation for the assignment of the leasehold rights as well as payment of such charges as may be applicable for obtaining the approvals.

In 2012, Rallis India shut operations at this plant as the surrounding area developed into residential locality. It started operations at Turbhe in 1970.

Rallis India is a major agri-solution provider company in India. The company has been associated with the farming community for the past over 160 years and continuously strives to improve farm productivity through innovative product & service offerings.

Related Rallis India Ltd. Links:

Rallis India Share Price

254.65 2.45 (0.97%) Dec 07, 18:01
1 Year Price Chart
Company Name CMP
UPL 726.60
BASF India 2898.30
PI Industries 2904.10
Bayer CropScience 4726.30
Sumitomo Chemical India 367.95
View more..
Sensex vs Rallis India
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323