Company receives Rs 63 Cr as part of lease consideration and further Rs 26 Cr is pending.
This refers to our letter dated November 23, 2022, regarding approval of our Board of Directors for transferring the Company’s property situated at Nanakramguda, Hyderabad, Telangana, admeasuring 1.75 lakh sq.ft. by way of perpetual lease to various parties, subject to receipt of requisite approvals.
Further, we have vide our letter dated July 1, 2024, informed about transfer of part of the said property by way of perpetual lease, for a consideration of Rs. 31.50 crores respectively. We would now like to update you that the Company has transferred another part of the said Property by way of perpetual lease, for a consideration of Rs. 63.00 crores.
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