GOCL Corporation’s board has approved the acquisition of full shareholding, subject to satisfactory due diligence, of APDL Estates (APDLE), at a consideration of Rs 62 crore without the liabilities on the date of acquisition, from Hinduja Realty Ventures (HRVL).
At present, APDLE has a commercial building in Begumpet, Hyderabad, with a revenue area of about 45,000 square feet and development rights on a land measuring 1,594 sq yards with a three-storied building thereon, situated at Malleshwaram, Bangalore. The acquisition will help consolidate the realty business of the company. The proposed acquisition is expected to be completed by December 2020. The Board of Directors of the company, at its meeting held on August 5, 2020 has approved the same.
GOCL Corporation is engaged in manufacturing industrial explosives, mining products, lubricants, speciality oils and chemicals, active pharma ingredients (bulk drugs) and pharma formulations.
Company Name | CMP |
---|---|
Tata Chemicals | 1125.95 |
SRF | 2634.50 |
Pidilite Inds. | 2992.90 |
Aarti Inds | 753.00 |
Gujarat Fluorochemic | 3686.00 |
View more.. |