OEOricon Enterprises513121Strategic exit plan

Deed of assignment cum conveyance for leasehold land rights and building for Rs. 145 crore

Oricon Enterprises signed a Deed of Assignment cum Conveyance on October 30, 2026 to assign its leasehold land rights and sell/convey the building for Rs. 145 crore (Rupees One Hundred and Forty-Five Crores).

By ScoutQuest · Fri 30 Oct 2026, 8:36 PM IST · 2 min read

Consideration

Rs. 145 crore (Rupees One Hundred and Forty-Five Crores)

Buyer

Anand Rathi Towers Ltd.

Agreement date / Completion

Signed October 30, 2026; Completion: Completed

What the company disclosed

Oricon Enterprises has entered into a Deed of Assignment cum Conveyance for assignment of its leasehold rights in the land, and to sell and convey the building constructed on that land. In simple terms, the company is transferring its interest in the leased land along with the building standing on it to a buyer, and is receiving money for it.

The deal terms as stated

• Consideration received from the sale/disposal: Rs. 145 crore (Rupees One Hundred and Forty-Five Crores)
• Date the agreement was entered into: October 30, 2026
• Expected date of completion of the sale/disposal: Completed
• Buyer: Anand Rathi Towers Limited, with its registered office at Express Zone A, Wing, 10th floor, Western Express Highway, Goregaon East, Mumbai - 400063

Buyer and related party position

The update states that the buyer does not belong to the promoter, promoter group or group companies. It also states that the transaction does not fall within related party transactions. Both of these are marked as Not Applicable in the annexure.

What the transaction means

This is a disposal of a leasehold land interest together with the building on that land. The company describes the completion status of the sale/disposal as Completed, which indicates the transaction is presented as concluded rather than signed and pending. The money the company is to receive for it is the figure of Rs. 145 crore set out in the annexure.

How a reader can use this

The update sets out the commercial terms of the transaction: what is being transferred (leasehold rights in land and the building), who is buying it (Anand Rathi Towers Limited), when the agreement was entered into (October 30, 2026), and how much the company is getting for it (Rs. 145 crore). This gives investors the basic facts to judge the size of the transaction against the company's own financials as reported in its results.

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