Transchem decides to lease out assets of Mushroom Plant
21st Feb 2019

Transchem has decided to rent-out, lease out or to dispose off the assets of the Mushroom Plant for a consideration not less than Rs 18 crore which is well above the guideline value i.e., the estimated market value of a land as per Government records and to use the proceeds from the sale exclusively for business purposes of company. The Board of Directors of the company in its meeting held on February 20, 2019, decided the same.

Initially the company was in the business of dealing with chemicals and pharmaceuticals during the year 1993 it diversified to Mushroom production.