Premium Plast Limited Acquires Under Construction Plant for Expansion in Madhya Pradesh
Premium Plast Limited has completed the acquisition of an under construction plant on a leasehold plot located within the MPIDC (Madhya Pradesh Industrial Development Corporation) area. The asset was acquired from Sky Heights Warehousing via a registered Sale Deed.The transaction involves securing a 3,107.81 sq. ft. unit at the Bagroda Industrial Area in Village Bagroda, Tehsil Huzur, District Bhopal, Madhya Pradesh. Premium Plast Limited paid a total consideration of ₹99,00,000/- for the acquisition, excluding applicable stamp duty and registration charges.
The purchase was made with the specific purpose of facilitating the expansion of the company's business operations. The transaction documents confirm that there is no existing shareholding in either party involved in this deal. Furthermore, both parties are confirmed not to be related to the Promoter(s) or Key Managerial Personnel of Premium Plast Limited, and the acquisition does not constitute a Related Party Transaction.
Key commercial terms of the agreement between the two entities have been detailed below:
| Particulars | Details |
|---|---|
| Purchaser | Premium Plast Limited |
| Seller | Sky Heights Warehousing |
| Asset Acquired | Under Construction Plant on Leasehold Plot of MPIDC |
| Location | Bagroda Industrial Area, Village Bagroda, Tehsil Huzur, District Bhopal, Madhya Pradesh |
| Area Size | 3,107.81 sq. ft. |
| Total Consideration | ₹99,00,000/- (Excluding stamp duty and registration charges) |
PREMIUM Stock Price Movement
Shares of Premium Plast Limited today shed 1.17% in the close, settling at ₹38.25. The stock saw a total traded volume of 12,000 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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