MoneyWorks4Me

Salguti Industries gets nod to sell property

09 Feb 2018 Evaluate

Salguti Industries has received an approval to sell the structures standing and/or any part or portion thereof along with Land & Building including electrification thereof on a slump sale basis on an ‘as is where is’ basis or in any other manner as the Board may deem fit in the interest of the Company situated at Gollapalle Village, Jedcharlla Gramapanchayat, Mahaboobnagar, Telangana at such price, not less than Rs 8.30 crore. The Board of Directors of the company at their meeting held on February 08, 2018, approved the same.

Salguti Industries is a leading manufacturer of woven sacks and textile products.

Peers
Company Name CMP
Vardhman Textiles 564.40
Welspun Living 217.30
Arvind 566.05
Raymond Lifestyle 690.35
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