Hercules Hoists sells land in Mumbai to Arkade Developers

The company has sold the land for aggregate consideration of Rs 90 crore Hercules Hoists has completed the transfer of land of around 8327 square meters situated at 110, Minerva Industrial Estate, Mulund West Mumbai, for aggregate consideration of Rs 90 crore to Arkade Developers by executing the necessary Deeds of Conveyance in favour of the Purchaser. The entire consideration is received by the Company. Hercules Hoists is a manufacturer of material-handling equipment.The company sells their products under the brand name Indef.