3M India Limited Sells Land and Building Parcel in Pune for INR 82 Crore
3M India Limited has approved the sale of a land parcel, along with the existing building situated thereon, located in Pune, Maharashtra. The transaction was finalized by the company’s Board of Directors on June 26, 2026, to M/s. Ranjangaon Bio Projects & Infra LLP.The asset being sold is situated at Pimpri, Taluka Haveli, District Pune, Maharashtra, and comprises approximately 4.13 acres of land with a building covering a built-up area of roughly 8,001 sq meters. The sale has been agreed upon for an aggregate consideration of INR 82,00,00,000/- (Indian Rupees Eighty-Two Crore Only).
The purchaser, Ranjangaon Bio Projects & Infra LLP, is not affiliated with the Promoter or Promoter Group of 3M India Limited. Consequently, the company confirmed that the transaction does not constitute a related party deal.
As no business operations are currently conducted on the premises slated for sale, the disposal will not affect the operational capabilities of 3M India Limited. Furthermore, the asset sold does not represent an undertaking or substantially the whole of the undertaking under the Companies Act, 2013.
The definitive agreement for this transaction is expected to be executed shortly after the Board approval and the expected completion date for the sale remains on or about June 29, 2026.
Key details of the land sale are summarized below:
| Particular | Detail |
|---|---|
| Company | 3M India Limited |
| Asset Sold | Land (approx. 4.13 acres) and building (approx. 8,001 sq meters built-up area) |
| Location | Pimpri, Taluka Haveli, District Pune, Maharashtra |
| Buyer | M/s. Ranjangaon Bio Projects & Infra LLP |
| Consideration | INR 82,00,00,000/- (Indian Rupees Eighty-Two Crore Only) |
| Sale Approval Date | June 26, 2026 |
3MINDIA Stock Price Movement
3M India Limited shares slipped by 0.15% on Thursday, settling at ₹33380 after shedding ₹50 from the previous close. The stock traded a volume of 1,511 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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