Soma Textiles & Industries has on March 20, 2024 entered into Agreement to assign leasehold Right of its Leasehold land admeasuring 43834.15 sq. Mtrs. of Mouje Village, Rakhial, Teluka maninagar, Ahmedabad, Gujarat.
The consideration from such sale/disposal is Rs 66.19 crore. The company received Rs 20 crore in advance on March 20, 2024 on the day of execution of Agreement to assign Leasehold Right of Land (received Rs 19.80 crore after deduction of 1% TDS of Rs 20 lakh). The balance Rs 46.19 crore will be received on instalments on or before execution of this agreement or December 15, 2024 whichever is earlier.
Soma Textiles & Industries in the field of manufacturing of the fabrics since 1969 with a major focus on domestic market. It started the operation with one range of Sucker Mulluar and equivalent set of other plant and machineries.
Company Name | CMP |
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PDS | 419.85 |
Vardhman Textiles | 461.25 |
Arvind | 378.40 |
Welspun Living | 146.05 |
Alok Inds | 26.66 |
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