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Automotive Axles executes sale deed to sell industrial land in Madhya Pradesh

13 Jun 2024 Evaluate

Automotive Axles has executed a Sale Deed on June 12, 2024, effecting the sale of the Company's Industrial land measuring 93,032.84 Sq.mt situated at Plot No. 70 & 71, Smart Industrial Park, (Near NATRIP) Industrial area, Pithampur District Dhar (Madhya Pradesh) for a consideration of Rs 12.75 crore to M/s. Swara Baby Products (the Buyer) on such terms and conditions mentioned therein.

The buyer is a third-party buyer who does not belong to the Promoter/Promoter Group Companies and the transaction does not fall under the ambit of Related Party Transactions. None of the Promoters, Directors, Key Managerial Persons and/or their relative(s) are interested whether directly/indirectly in the aforesaid matter.

Automotive Axles manufactures drive axles, non-drive axles, front steer axles, specialty & defence axles and drum & disc brakes. 

Peers
Company Name CMP
SamvardhanaMotherson 151.00
Tube Investments 2076.00
Bosch 44045.85
UNO Minda 1052.00
Bombay Burmah Trdg. 1125.95
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