The consideration to be received from the above sale is Rs.80 lakhs.
Bodal Chemicals has decided to sell its Unit - VI, situated at Plot No. 606,607, G.I.D.C., Panoli, Nr. Ankleshwar, Dist. Bharuch, Gujarat.
Unit-VI is Inoperative. Unit VI is not a significant unit in terms of revenue or net worth of the company. Also, the company has not calculated capacity of Unit VI in total production of capacity disclosed by the company.
The Unit will be sold at the prevailing market rates and selling price also not substantial compared to the size of the company.
The consideration to be received from the above sale is Rs.80 lakhs.
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