Sanofi India Sells Building in Mumbai

New Delhi: Drug firm Sanofi India has sold its commercial property, land and a building known as 'Aventis House' in Mumbai, for Rs 111 crore.

"The transaction has been completed on November 20, 2015, upon fulfillment of the conditions precedent and the company has received the entire sale consideration of Rs 1110 million from the purchaser," Sanofi India said in a filing to the BSE.

Earlier in July, the company had informed bourses that its board had approved selling of its commercial property, being land admeasuring 5,493.1 square meters along with the building known as 'Aventis House' standing thereon, situated at Sir Mathuradas Vasanji Road, Andheri (East) Mumbai for Rs 111 crore.

Shares in Sanofi India, on Friday, ended 0.61 per cent lower at Rs 4,455.85 apiece on the BSE, whose benchmark Sensex index finished up 0.10 per cent.