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T T inks agreement to sell warehouse building at New Delhi

22 Aug 2022 Evaluate

T T has entered into an agreement for sale of company’s warehouse building located at Karol Bagh, New Delhi at a sum of Rs 11 crore pursuant to shareholders approval vide Postal Ballot resolution dated August 31, 2020 authorizing Board of Directors to sell/dispose off company's warehouse building. Sale proceeds will be utilized for reduction of debts of the company.

T T is engaged in primarily one segments consisting of Textile (comprising of yarn manufacturing, Knitting, and cutting and sewing of textiles products).

Peers
Company Name CMP
Vardhman Textiles 547.45
Welspun Living 202.25
Arvind 549.45
Raymond Lifestyle 672.05
K.P.R. Mill 1119.85
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