Cochin Malabar Estates & Industries has finally settled the pending dispute of Kinalur Estate after the intervention of Kerala Government. The company has entered into a Memorandum of Understanding (MoU) with the legal heirs of P.K.C. Ahammed Kutty and other sub-purchasers revising the earlier terms & conditions.
The company has further received a substantial amount of Rs 30.00 crore and the balance Rs 9.60 crore will be received subsequently. The conveyance in the favour of purchasers and sub-purchasers will be done after the receipt of full consideration.
Cochin Malabar Estates & Industries has been carrying on the business of rubber and tea plantations in the State of Kerala and Karnataka.
| Company Name | CMP |
|---|---|
| Apcotex Inds | 385.00 |
| Pix Transmission | 1519.85 |
| GRP | 1968.40 |
| Harrisons Malayalam | 210.80 |
| Tinna Rubber & Infra | 731.10 |
| View more.. | |
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