GMM Pufudler Ltd. (GMMP) to HDO Technologies Ltd. Has been declared a successful bidder for the acquisition of assets worth Rs 58.46 crore.
The company participated in the e-auction process for the sale of HDO-owned properties under IBC. The facility is spread over 11.9 acres with seven manufacturing blocks and a built-up area of 11,617 square meters. The company said that in Vatva, Ahmedabad, it is equipped to manufacture heavy engineering equipment.
The transaction is expected to be completed by 30 April.
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