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Chaired by Sanjay Dutt, FRICS, Managing Director & CEO, Tata Realty & Infrastructure Ltd. and Tata Housing Development Company Ltd., the new board members bring experience and expertise across diverse sectors of the built environment.
Runwal Developers: "The board of directors have approved a proposal for monetization of idle land parcels of the company not being put for productive use," Kansai Nerolac Paints said in a BSE filing.
The sale is subject to completion of procedures and approvals as may be necessary in this regard
Kansai Nerolac Paints has said that its board has approved a proposal for "entering into an Agreement for Sale with Aethon Developers Pvt Ltd, subsidiary of Runwal Developers Pvt Ltd, for the sale of the company's land parcel at Lower Parel together with building thereon, for a consideration of Rs 726 crore." Accordingly, the company has entered into an Agreement for Sale with the buyer.
Get latest articles and stories on Latest News at LatestLY. Kansai Nerolac Paints has agreed to sell its land parcel, along with building, at Lower Parel in Mumbai for Rs 726 crore to Runwal Developers. Latest News | Kansai Nerolac Paints Agrees to Sell Land in Mumbai to Runwal Developers for Rs 726 Cr.