Brief: Binny Ltd to sell 1.2 acres of Perambur land for 240 mln rupees

Binny

04/11/2015 10:02

Nov 4 (Reuters) - Binny Ltd  BINN.BO : 
 * Board approved the proposal of the company to sell land to an extent of 1.20 
   acres situated at Perambur for 240 million rupees 
 * Approved proposal to purchase of land at Perambur, Chennai for a 
   consideration of 24.2 million rupees 
 * Source text: 
Binny Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 04, 2015, inter alia, has transacted the following business: 
 
1. Considered and approved the proposal of the Company to sell land to an extent of 1.20 acres situated at Perambur (Coal Yard), Chennai, for a consideration of Rs. 24 crores to M/s. Landmark Barracks Projects Private Limited, Chennai; 
 
2. Considered and approved the proposal of the Company to purchase 1 ground and 1637 Sq. Ft. (4037 Sq.Ft.) of land at Perambur, Chennai, which is abutting Company's Coal Yard Property and providing entrance from Perambur High Road, from Mr. S. Varadharajan and Ms. V. Kanagalakshmi, for a consideration of Rs. 2.42 crores. 
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