Brief: Eveready Industries India Sells Land In Chennai For 1 Bln Rupees

Eveready Industries India

06/12/2018 09:17

Dec 6 (Reuters) - Eveready Industries India Ltd  ERDY.NS :
    * EXECUTED DEAL WITH ALWARPET PROPERTIES FOR SALE OF LAND IN
CHENNAI FOR 1 BILLION RUPEES
    * SALE IS EXPECTED TO BE COMPLETED WITHIN 4-10 MONTHS
    * "SALE TRANSACTION WILL HELP REDUCE DEBTS OF THE COMPANY
AND
FURTHER IMPROVE THE BALANCE SHEET"
    * CLOSURE OF FACTORY IS POSITIVE TO PROFITABILITY OF
BUSINESS ON
ACCOUNT OF COST SAVINGS

Source text: https://reut.rs/2BTQb0J
Further company coverage:  ERDY.NS 

 ((Reuters.Briefs@thomsonreuters.com;))