GREAVES COTTON LTD. - 501455 - Disclosure Pursuant To Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
This is in continuation to our earlier intimation dated 5th August, 2021 and 31st March, 2022 pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, wherein we had informed about the signing of MOU on proposal for sale of Company's land located at Akurdi Village, Old Mumbai Pune Highway, Pune, Maharashtra to Runal Developers LLP in first half of FY 2022-23, subject to signing of definitive agreements between the parties and necessary regulatory and statutory approvals. In this regard, we wish to inform you that we are still awaiting necessary regulatory approvals and accordingly the definitive agreements have not yet been finalized. We are expecting to close the transaction on or before 31st March, 2023. This is for your information and records.27-09-2022