Cybele Industries has received approval for the sale of agricultural land 41.70 acres located at Chinnaobalapuram Village, Gummidipoondi Taluk, Tiruvallur District in Tamil Nadu subject to the approval of shares holders through e-voting in the Postal Ballot.
Accordingly, the company intends to complete the aforesaid transaction which shall be subject to signing of definitive agreements between the parties and necessary regulatory and statutory approvals, if any. The expected date of completion of sale / disposal is 4 months. The Board of Directors of the company at its Meeting held on May 7, 2024 has approved the same.
Cybele Industries is engaged in the business of manufacture and sale of building cables, flexible cables, power cables, submersible pump cables, automotive cables, control cables and railway signaling cables and also in property development.
| Company Name | CMP |
|---|---|
| Polycab India | 7951.40 |
| KEI Industries | 4826.70 |
| RR Kabel Ltd. | 1457.15 |
| Finolex Cables | 954.75 |
| Precision Wire India | 386.50 |
| View more.. | |
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