Repro India Completes Sale of Non-Operational Property for Rs. 282 Crores
Repro India Limited confirmed the successful completion of the sale of its non-operational immovable property located at Trans Thane Creek Industrial Area, MIDC, Mahape, Navi Mumbai. The transaction saw the transfer of leasehold rights in the asset to STT Global Data Centres India Private Limited, with the entire consideration received by the company.The sale, which was initially planned following a Board of Directors approval, was finalized on May 22, 2026, upon the execution of the Assignment Deed.
The asset being transferred was Plot No. 50/2, which is situated in the Trans Thane Creek Industrial Area, MIDC, Mahape, Navi Mumbai - 400710, covering an area of 14,093 sq. mtrs. The property is held on lease from Maharashtra Industrial Development Corporation (MIDC), and Repro India Limited transferred its leasehold rights in accordance with applicable terms and conditions.
The total consideration received for the transfer was Rs. 282 Crores (Rupees Two Hundred and Eighty-Two Crores Only).
The transaction is noted as the monetization of a non-core, non-operational asset. Repro India stated that the proceeds generated from this sale will be utilized toward reducing the company's debt and strengthening its balance sheet.
Transaction Overview
| Detail | Information |
|---|---|
| Company | Repro India Limited |
| Completion Date | May 22, 2026 |
| Property Location | Trans Thane Creek Industrial Area, MIDC, Mahape, Navi Mumbai |
| Asset Size | 14,093 sq. mtrs. (Plot No. 50/2) |
| Buyer | STT Global Data Centres India Private Limited |
| Total Consideration | Rs. 282 Crores |
The company confirmed that the buyer is not affiliated with the Promoter or Promoter Group/Group Companies, confirming that the transaction does not fall within the category of related party transactions.
REPRO Stock Price Movement
On Friday, Repro India Limited shares slipped by 0.19% to close at ₹368.5, marking a decline of ₹0.70. The stock traded on a total volume of 9,325 shares.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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