Sandhar Technologies Seals Major Deal: Sells Bangalore Property in ₹610 Million Transaction

Sandhar Technologies Ltd., a prominent player in the auto ancillaries sector, has executed a significant agreement to sell its property in Bangalore, marking a strategic step in its ongoing business consolidation and expansion plans. The transaction, valued at ₹610 million, underscores the company’s commitment to optimizing its asset base and channeling resources towards growth initiatives.

 

Key Highlights:

Sandhar Technologies has also been active on the acquisition front, having recently approved the purchase of Sundaram-Clayton’s high-pressure and low-pressure aluminium die casting business at Hosur, signaling a robust push into new product segments and markets.

 

The company’s leadership, including CFO Yashpal Jain, has emphasized that these strategic moves will fortify Sandhar’s balance sheet, support innovation, and drive long-term shareholder value.

Sandhar Technologies’ shares have responded positively to these developments, reflecting investor confidence in the company’s focused approach to asset management and growth.

 

With this Bangalore property sale, Sandhar Technologies is well-positioned to accelerate its expansion, invest in advanced manufacturing, and reinforce its leadership in the auto components industry.

 

Source: Reuters, The Economic Times, Sandhar Technologies Corporate Announcements