Laxmi Organic Industries update on purchase of land from Welspun Corp

Image
Capital Market
Last Updated : Jan 19 2023 | 5:50 PM IST
Laxmi Organic Industries has paid a substantial consideration of Rs123 crore as of 19 January 2023 for purchase of land, civil structures (excluding plant & machinery) of Welspun Corp's (seller) unit situated in the Dahej, in the state of Gujarat.

Both the parties to the Memorandum of Agreement (MoA) have agreed for an extension of date for completion of transaction contemplated in MoA till 31 March 2023.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 19 2023 | 5:40 PM IST

Next Story