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Forbes & Company has received approval for entering into Memorandum of Understanding (MOU) with GPX India (GPX) and Equinix India (Equinix) (upon Equinix exercising its right of substitution/step in) for sale of approximately 3.804 acres of land at Chandivali for a consideration of Rs 200 crore.

The MOU is terminable at the option of GPX. The Agreement for Sale is expected to be executed by January 31, 2021 and the completion of the Proposed Transaction subject to due diligence, execution of definitive documents, and fulfillment of various condition precedents, is expected to be completed in March 2021.

Forbes & Company has three main businesses; namely engineering, shipping and logistics and business automation.

Forbes & Company Share Price

347.20 7.60 (2.24%)
21-Apr-2026 11:07 View Price Chart
Peers
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About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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