Indian Hume Pipe Sells Hyderabad Land for ₹173.96 Crore
Indian Hume Pipe Company Limited has executed and registered a Sale Deed on December 30, 2025, for the sale of its freehold land located in Azamabad Industrial Area, Azamabad, Hyderabad, Telangana. Th...
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Why is Indian Hume Pipe Company Limited in the news today?
Indian Hume Pipe Company Limited (INDIANHUME) is in the news due to the sale of land for a significant amount and receipt of the full consideration positively impacts the company's financial position.
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Indian Hume Pipe Sells Hyderabad Land for ₹173.96 Crore
December 30, 2025, 08:05 AM
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Indian Hume Pipe Company Limited has executed and registered a Sale Deed on December 30, 2025, for the sale of its freehold land located in Azamabad Industrial Area, Azamabad, Hyderabad, Telangana. The land admeasures approximately 18,311.57 Sq. Yards (15,310.80 Sq. Mtrs.) and was sold for a total consideration of ₹173.96 Crores.
The entire sale consideration has been received from the buyer, ASBL Private Limited (formerly known as Ashoka Builders India Private Limited). The buyer does not belong to the promoter, promoter group, or group companies of Indian Hume Pipe Company Limited, and the transaction does not fall within related party transactions.
The company had been in possession of leasehold land at the said location since 1931. Following the Telangana government's order granting freehold rights to existing lessees, the company obtained these rights by paying conversion charges, including stamp duty, transfer duty, registration fees, and mutation fees, amounting to ₹107.38 Crores under a registered Deed of Sale/Conveyance with the Government of Telangana.
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