The Bombay Burmah Trading Corporation Limited (BBTCL) announced the successful execution of a sale deed for Phase 3 land located in Aralvaimozhi Village, Thovalai Taluk, Kanyakumari District, Tamil Nadu. The transaction, valued at ₹13.05 crore, was finalized on January 9, 2025, as part of the company’s strategic asset optimization.
Key Transaction Details:
- Asset Details:
- The sold land measures approximately 13.91 acres and is classified as non-critical to business operations.
- Buyers:
- SAV Readymix Concrete
- Muthukumar Enterprises
- Sri Athisaya Vinayagar Blue Metals Pvt. Ltd.
- PMK Builders
- Purpose:
- The sale was executed to streamline BBTCL’s asset portfolio and generate additional financial resources.
- Compliance:
- The transaction is not a related-party transaction, and all agreements were executed at arm’s length.
- The buyers are independent entities, unrelated to BBTCL’s promoter or group companies.
The sale aligns with BBTCL’s objective of optimizing its asset base and focusing on core operations. The company continues to leverage its real estate portfolio to enhance financial strength and create long-term value for stakeholders.
