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2019-12-18 09:07:03 来源：
Shares of Raymond jumped nearly 9 percent intraday on October 9 after its associate company signed an agreement to sell its property in Thane.
"Associate company JK Investo Trade (India) (JKIT) has entered into an agreement for sale (AFS) for its property measuring 78,310 square meters (around 20 acres) located at Village Panchpakhadi, Thane (West) with an affiliate of Virtuous Retail South Asia Pte Ltd (VRSA) - Elpis Ventures," the textile company said in its BSE filing.
The company agreed to sell the property for Rs 700 crore subject to payment of taxes, cost of approval as applicable.
CloseCommenting on the development, Gautam Hari Singhania, Chairman & Managing Director, Raymond Limited said, "The sale of JKIT land parcel is a major step towards our strategy of asset monetization and value creation for our shareholders."
related news Siemens share price falls 3% on Emkay, Yes Securities downgrade RBL Bank share price jumps 6%, Chola sees stock as a market performer DHFL share price locked in 5% upper circuit amid report of Adani Group showing interest to acquire coGiven the fact that residential project, "Raymond Realty" is underway, this development will ensure a vibrant real estate ecosystem within its vicinity offering home buyers a better choice, it added.
The stock was quoting at Rs 584.30, up Rs 37.20, or 6.80 percent on the BSE at 1105 hours.免责声明：本网站所有信息仅供参考，不做交易和服务的根据，如自行使用本网资料发生偏差，本站概不负责，亦不负任何法律责任。如有侵权行为，请第一时间联系我们修改或删除，多谢。
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