Thermax sells industrial plot in Pune for Rs 135 cr
‘’The buyer(s) are third-party who do not belong to the promoter/ promoter group/ group companies and the transaction does not fall under the ambit of related party transactions,’’ according to a regulatory filing
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NEW DELHI: Thermax on Thursday said it has sold an industrial plot in Chinchwad industrial area in Pune for Rs 135.66 crore to a third party who is not a promoter of the company.
‘’The buyer(s) are third-party who do not belong to the promoter/ promoter group/ group companies and the transaction does not fall under the ambit of related party transactions,’’ according to a regulatory filing.
The company has completed transfer of leasehold rights of vacant plot situated at MIDC Industrial Area Chinchwad, Pune admeasuring 57,482 square metres for a consideration of Rs 135.66 crore.
None of the promoters, directors, key managerial persons and/or their relative(s) are interested whether directly / indirectly in this matter, it added.