ABC India Sells Pune Petrol Pump Land, Dealership Rights for ₹3.10 Cr

REAL-ESTATE
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AuthorIshaan Verma|Published at:
ABC India Sells Pune Petrol Pump Land, Dealership Rights for ₹3.10 Cr
Overview

ABC India Limited's board has approved the sale of its Pune petrol pump land and dealership rights for ₹3.10 crore. The deal is expected to close by December 31, 2026, pending the buyer's due diligence.

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ABC India Sells Pune Petrol Pump and Dealership Rights for ₹3.10 Crore

ABC India Limited's board has approved the sale of its petrol pump unit land in Pune, including dealership rights, for ₹3.10 crore. The buyers are identified as Mr. Ameya Shirish Malpathak and Mr. Nitish Shirish Malpathak.

Financial Context of the Unit

This divestment is part of the company's strategy to monetize a specific landholding and operational asset. The unit generated ₹65.28 crore in turnover last financial year and had a net worth of ₹46.72 lakh (₹0.47 crore).

Deal Timeline and Conditions

The transaction is targeted for completion by December 31, 2026. However, the sale is subject to the buyers successfully completing their due diligence and reaching final agreement on the terms.

Impact of the Sale

Upon completion, ABC India Limited will no longer own the Pune property or operate the petrol pump, and the dealership rights will be transferred. The proceeds from the sale could be used for other business initiatives or debt reduction.

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