In furtherance to the approval given and authority granted by the Board of Directors at their meeting held on August 13, 2021, NXTDigital has informed that the Company has entered into an Agreement dated August 27, 2021, for sale of its land at Hyderabad, for a total consideration of Rs 69.30 Crores payable as per the schedule of payment and other terms and conditions mentioned in the said Agreement. As per terms of the Agreement, the Company has received a payment of 10% of the total consideration on execution of the Agreement. The transaction is expected to be completed in 3 to 4 months’s time. The company shall provide further intimation as necessitated. This intimation is in accordance with Regulation 30 of the SEBI (LODR), 2015.
The above information is a part of company’s filings submitted to BSE.
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