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CG Vak Software & Exports informs about approval for purchase of land and building

21 Oct 2021 Evaluate

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, CG Vak Software & Exports has informed that the Board of Directors of the company at their meeting held on 21.10.2021 approved the purchase of land and building measuring 0.92.50 Acres at Coimbatore for a consideration of Rs 15.80 crores. The Purchase is from an un-related party. The purchase will be funded to the extent of Rs 3 crores through Term Loan, and balance through internal accruals. This purchase is made with the present and future requirement of the Company in mind.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
TCS 2428.50
Infosys 1147.90
HCL Technologies 1378.00
Wipro 195.95
Tech Mahindra 1769.30
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