Cochin Malabar Estates & Industries settles pending dispute of Kinalur Estate

22 Aug 2013 Evaluate

Cochin Malabar Estates & Industries has finally settled the pending dispute of Kinalur Estate after the intervention of Kerala Government. The company has entered into a Memorandum of Understanding (MoU) with the legal heirs of P.K.C. Ahammed Kutty and other sub-purchasers revising the earlier terms & conditions.

The company has further received a substantial amount of Rs 30.00 crore and the balance Rs 9.60 crore will be received subsequently. The conveyance in the favour of purchasers and sub-purchasers will be done after the receipt of full consideration.

Cochin Malabar Estates & Industries has been carrying on the business of rubber and tea plantations in the State of Kerala and Karnataka.

Cochin Malabar Ests Share Price

194.60 -10.20 (-4.98%)
23-Dec-2024 11:56 View Price Chart
Peers
Company Name CMP
Apcotex Inds 385.25
GRP 3129.75
Pix Transmission 2385.10
Elgi Rubber Co.
Rubfila Internatl. 80.00
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