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Nitco Limited ( (IN:NITCO) ) has shared an update.
Nitco Limited has entered into a deed of assignment to transfer its leasehold rights of a plot and factory building in Thane to Manometer (India) LLP. The transaction involves a monetary consideration of Rs. 11,00,000 and a non-monetary consideration in the form of a constructed carpet area, which is expected to generate significant value for Nitco, potentially impacting its financial standing and market position positively.
More about Nitco Limited
Nitco Limited operates in the construction and building materials industry, primarily focusing on the production and distribution of tiles and other related products. The company is known for its innovative designs and quality products, catering to both residential and commercial markets.
YTD Price Performance: -11.00%
Average Trading Volume: 22,667
Current Market Cap: 8.46B INR
Learn more about NITCO stock on TipRanks’ Stock Analysis page.