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| Exchange Received Time 30/08/2019 18:34:10 Exchange Disseminated Time 30/08/2019 18:34:14 Time Taken 00:00:04 | Further to the intimation dated 22th September 2017 given to you pursuant to clause 30 of the Listing Obligation and Disclosure requirements (LODR) Regulations 2015, the Company has, pursuant to receipt of all statutory and regulatory approvals from the concerned authorities, today divested its lands at Thane admeasuring approximately 2,40,140 square meters in favour of Oberoi Realty Limited for a total consideration of Rs. 889,50,00,000/- (Rupees Eight Hundred and Eighty-Nine Crores Fifty Lakhs only). A small portion, bearing survey Nos. 182/2 & 182/3 admeasuring approximately 1,410 square meters, is excluded from this sale owing to a stay order passed by the Hon'ble Bombay High Court on 12th October 2017.
The Company has paid a sum of Rs. 337.46 crores towards obtaining all required statutory and regulatory approvals.
Kindly take the above Submission on your records
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