Pune, January 06, 2019: Vascon Engineers Ltd (NSE Scrip ID VASCONEQ, BSE Scrip Code: 533156), one of the most trusted and renowned developers headquartered in Pune today announced that it has recently concluded two transactions worth Rupees Fifty Crores.
The first transaction comprised of the sale of amenity plot along with school building to Intraschool Services Gurgaon Pvt Ltd for a total consideration of Rs36.50 crores.
The second transaction involved sale of land situated at Village Balewadi, Baner along with all other Joint Venture Partners to Keywest Realty Pvt Ltd. for a consideration of Rs.100 Cr., Vascon’s share in this sale is Rs13.10 crores.
Speaking about the development, Mr. Siddharth Vasudevan, Managing Director, Vascon Engineers Ltd, said, “Vascon has begun the new year on a good note and the proceeds of these non-core asset sale transactions will ensure adequate liquidity for our operations in line with the company strategy”.
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.
Sign me up for the newsletter!
Notify me of follow-up comments by email.
Notify me of new posts by email.
Saurabh Salunkhe from Pune Tops Boys Merit List at AFMC MBBS 2019
Over $40 billion in Trade Deals, Participants From 55 Countries Expected at IATF2020, Says Afreximbank President
LPF Scholarship distribution ceremony 2019
Simran Singh Thapar appointed as Executive Chef at JW Marriott Mussoorie Walnut Grove Resort & Spa
TVS Motor Company launches India’s first Ethanol based motorcycle – TVS Apache RTR 200 Fi E100
2014 The Global Indian New Network (TGINN)