3M India Share Price in Focus as Board Approves Sale of Pune Land and Building for ₹82 Crore

3M India Limited has announced the sale of a land parcel and building located in Pimpri, Taluka Haveli, District Pune, Maharashtra.  

The Board of Directors approved the transaction on June 26, 2026, for a total consideration of ₹82 crore. 

Details of the Transaction 

The land measures approximately 4.13 acres, with a built-up area of around 8,001 sq meters. The sale is to M/s. Ranjangaon Bio Projects & Infra LLP, a company not related to 3M India's promoter group. The transaction is not classified as a Related Party Transaction. 

Impact on Business Operations 

3M India Limited has clarified that the land and building being sold are non-operational assets. Therefore, the sale will not impact the company's business operations. The transaction does not constitute the sale of an undertaking or substantially the whole of the undertaking under section 180(1)(a) of the Companies Act, 2013. 

Agreement and Completion Date 

The Board approved the transaction on June 26, 2026. The definitive agreement for the sale is expected to be executed on or about June 29, 2026, with the completion of the sale anticipated around the same date. 

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Financial Details and Buyer Information 

The sale consideration amounts to ₹82 crore. The buyer, Ranjangaon Bio Projects & Infra LLP, is registered at Office No. 201, Global Square, Deccan College Road, Pune. The LLP does not belong to the promoter or group companies of 3M India Limited. 

3M India Share Price Performance 

As of June 25, 2026, at 3:30 PM, 3M India share price on NSE was closed at ₹33,380.00, down by 0.46% from the previous closing price. 

Conclusion 

3M India Limited's sale of land and building in Pune for ₹82 crore to Ranjangaon Bio Projects & Infra LLP is a non-operational asset transaction. The sale is set to complete by June 29, 2026, with no business impact. 

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