Hardcastle & Waud Sells Kolkata Property for Rs 1 Crore 14 Lakhs
Hardcastle & Waud Manufacturing Company Ltd has executed an agreement for the sale of one of its immovable properties located in Kolkata. The asset being sold is Unit No. 7A, which includes a Car Parking space on the 3rd floor of Sagar Estate, situated at Premises No. 2, Narendra Chandra Dutta Sarani (formerly known as No. 2, Clive Ghat Street), Block No. 6, Holding No. 2, Kolkata -700001.The sale was finalized with Mr Mayank Rungta. The total size of the agreement for the property is Rs 1,14,61,000 (Rupees One Crore Fourteen Lakhs and Sixty-One Thousand).
Key details regarding the transaction were noted as follows:
| Particulars | Details |
|---|---|
| Buyer Name | Mr Mayank Rungta |
| Property Size | Rs 1,14,61,000 |
| Buyer Shareholding in Company | NIL |
| Relationship Status | The buyer is not related to the promoter or the promoter group. |
| Transaction Basis | The transaction has been completed at an arm's length basis. |
The agreement pertains solely to the sale of the immovable property and does not involve any provision regarding special rights, such as the right to appoint directors or first right of subscription in case of share issuance. The company confirmed that there are no other disclosures related to this agreement.
Stock Price Movement
As of 14:21, shares of Hardcastle & Waud Manufacturing Company Ltd. are edging higher at ₹830.00, representing a solid gain of 12.49%. The equity has seen considerable movement throughout the session, trading between an intraday low of ₹735.00 and a high of ₹885.40.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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