GSK India to sell it’s land to Oberoi Realty Limited
The GlaxoSminthKline to sell it's thane based property to Oberoi Realty Limited in Rs. 555 crores. The proposed property in 60 acres located in thane, Maharashtra.
The Board of Directors of the Company approved the sell of the Company’s land admeasuring approximately 60 acres located at Thane, Maharashtra to Oberoi Realty Limited for a consideration of Rs 555 crores.
The proposed sale of land is subject to receipt of all statutory and regulatory approvals from the concerned authorities and signing of the definitive documents between the Company and Oberoi Realty Limited in this regard.
GlaxoSmithKline Pharmaceuticals Ltd is an Indian subsidiary of GlaxoSmithKline plc, one of the world's leading research based pharmaceutical and healthcare companies. It is one of the oldest pharmaceuticals companies in India.