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News Details

Elantas Beck India L - Announcement Under Reg. 30 Of SEBI ( LODR) Regulations, 2015

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01/09/2021 11:22
In continuation to our communication dated 17 September 2020, we wish to state that the Company has decided to terminate the Memorandum of Understanding (MOU) which was entered with Talegaon Industrial Parks Private Limited (TIPPL) for acquisition of land situated at Navlakhumbre, Tal. Maval, Pune, as the Company believes that there appears to be a reasonable difficulty in fulfillment of certain conditions of said MOU within the defined timelines.

As per the terms & conditions of said MOU, the Company has informed TIPPL to refund the amount which the Company had advanced at the time of signing of the MOU.

We request you to kindly take the above on your record and acknowledge.