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| Exchange Received Time 18/05/2017 15:37:28 Exchange Disseminated Time 18/05/2017 15:37:35 Time Taken 00:00:07 | | Please see below intimation pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. Standard Industries Limited has entered into an Agreement to assign TDR dated 18th May, 2017, to transfer and assign Development Rights Certificate ('DRC') to be issued by MCGM for TDR on surrender of Reserved Land bearing C.S. No.211 of Parel Sewree Division admeasuring about 5,413.92 sq.mtrs. (less encroached area of approximately 1000 sq.mtrs.) or such area as may be ascertained by MCGM on actual measurement at site, at or for the consideration of Rs.41.50 Crores subject to the terms and conditions therein mentioned. This transfer, assignment and consideration will depend on grant of quantum of DRC and on the other terms and conditions specified in the aforesaid Agreement. |
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