Hitech Corporation has executed a sale deed on 22 January 2021 effecting the sale of the Company s land & building admeasuring 3621 square meters situated at Survey No.1088, Demini Road,
Arihant Industrial Estate, Dadra - 396 230 (U.
T. of Dadra & Nagar Haveli and Daman & Diu), along with the
Company s entire right, title and interest in respect of and/ or in connection with the aforesaid Land and
Building and liabilities pertaining thereto, for a consideration of Rs. 3.83 crore.
The manufacturing operations at the said Unit was discontinued with effect from 31 March 2015
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Asian Paints scion Malav Dani to sell shares worth ₹500 crore
January 03, 2021
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Malav Dani, son of paints tycoon Ashwin Dani, will off-load shares worth ₹500 crore on the stock exchanges between May 2021 and April 2022, according to statutory filings.
The Dani family is among the key promoter families of India’s largest paints manufacturer Asian Paints, which has a current market-capitalisation of over ₹2.66-lakh crore or $36 billion.
Malav holds 5.88 per cent stake in the company through his private investment arm, Sattava Holding and Trading. That stake is worth more than ₹15,000 crore or nearly $2 billion at the current price of ₹2,775 per share. In just nine months, Asian Paints share has seen 100 per cent appreciation from a low of ₹1,431 in March.