Financial Daily
from THE HINDU group of publications
Tuesday, July 11, 2000
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Financial Daily from THE HINDU group of publications Tuesday, July 11, 2000 |
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Cadbury India: Buffeting the cash flows
THE decision of Cadbury India to sell real estate may be viewed favourably by the markets. The company proposes to sell its property at Colaba, Mumbai for a consideration of Rs. 8 crores.
The sale is subject to the approval of the Income-Tax authorities. The company has pushed ahead with the sale plan as the real estate is no longer required for its operations. The cash inflows resulting from the sale may help strengthen core operations t
hough the amount involved is not big considering Cadbury's operations. Though this move is a positive one, it may not lead to any significant upside in the stock. Firm trends at around the current levels may be in prospect. - BL Research Bureau
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Related links: Cadbury sells Mumbai property for Rs 8 cr Cadbury recommends 1:2 bonus Cadbury India net at Rs 10.50 cr in Q1 Comment on this article to BLFeedback@thehindu.co.in Send this article to Friends by E-Mail
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