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Your email address will not be published.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 *
Notify me of follow-up comments by email.
Notify me of new posts by email.
Sign me up for the newsletter!
Fatty Liver: Know why it is known as a ‘silent killer’
Celebrity Vedic Astrologer Mr. Sagar Chug recognized with Star Achiever’s Award, 2019
Deutsche Post DHL Group’s Disaster Response Team ends first deployment in Africa having processed nearly 800 tonnes of cargo
Manage Diabetes in heat
92.7 BIG FM BENGALURU SENSITIZES THE LOCALS ON THE IMPORTANCE OF VOTING THROUGH A RAP SONG BY RJ PRADEEPAA
2014 The Global Indian New Network (TGINN)