VIP Industries Sells Non-Core Nashik Land for ₹24.28 Crore to Promoter Group Entity
VIP Industries Limited has entered into a binding agreement for the sale of its non-core asset, identified as 'Nashik Land', located at Survey no. -854/3, Nasik-Pune Highway, Near Fame Cinema, Nashik ...
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Why is VIP Industries Limited in the news today?
VIP Industries Limited (VIPIND) is in the news due to the sale of a non-core asset is a routine business activity. while it involves a related party, the company has clarified it's not material and is at arm's length, indicating no significant positive or negative impact.
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VIP Industries Sells Non-Core Nashik Land for ₹24.28 Crore to Promoter Group Entity
December 31, 2025, 02:21 PM
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More Details on This News
VIP Industries Limited has entered into a binding agreement for the sale of its non-core asset, identified as 'Nashik Land', located at Survey no. -854/3, Nasik-Pune Highway, Near Fame Cinema, Nashik Shiwar.
The transaction is with DGP Realty Nashik Private Limited, a wholly-owned subsidiary of DGP Securities Limited, which forms part of the Promoter Group of VIP Industries.
The sale has been executed on an "as is where is basis" for a total consideration of ₹24.28 crore. While this is a related party transaction, the company has stated that it is not a material related party transaction and has been carried out at arm's length.
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