Gagan Gases to sell surplus land and building in Pithampur for Rs 2.3cr


Gagan Gases Ltd. said that it has signed a memorandum of understanding (MoU) to sell its surplus land and building in Pithampur in the Dhar district of Madhya Pradesh for INR 2.35 crores to an undisclosed buyer.

The Indore-based gas company said that the plot area measures 10,000sqm and is located at Plot no. 602, Sector 3.

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Gagan Gases revealed that it received INR 11 lakhs as an initial advance.

According to Gagan Gases, the buyer is a third party buyer who is not part of the promoter/promoter group companies and the deal does not come under the ambit of related party transactions.

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