Harrisons Malayalam to sell off rubber estate
Plantation company Harrisons Malayalam Ltd on Friday said it has got shareholders nod to hive off Kaliyar Estate in Kerala for Rs 53 crore.
By PTI |
MUMBAI: Plantation company Harrisons Malayalam Ltd on Friday said it has got shareholders nod to hive off Kaliyar Estate in Kerala for Rs 53 crore.
In a filing on the Bombay Stock Exchange, Harrisons Malayalam said it received the shareholders approval, for selling, transferring or otherwise disposing off the rubber estate for Rs 53 crore as per the agreement of sale, through a postal ballot.
The estate covers 603 hectares of land in the Idukki district of Kerala.
Shares of the company were trading at Rs 87.25, up 1.63 per cent on the BSE.
In a filing on the Bombay Stock Exchange, Harrisons Malayalam said it received the shareholders approval, for selling, transferring or otherwise disposing off the rubber estate for Rs 53 crore as per the agreement of sale, through a postal ballot.
The estate covers 603 hectares of land in the Idukki district of Kerala.
Shares of the company were trading at Rs 87.25, up 1.63 per cent on the BSE.
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