Essel Grp’s Diligent Media sells land for Rs 57 crore

NEW DELHI: Diligent Media Corporation, part of the troubled Essel Group and publisher of DNA newspaper, has sold leased land adjacent to its printing press in Navi Mumbai for Rs 57.32 crore.

In line with the no-objection/approval issued by MIDC-the Lessor and the changes in the assignable area (based on MIDC requirement), the company had concluded the above transaction by executing and registering a deed of assignment, assigning the leasehold land to CTRL S (India) Pvt Ltd, Diligent Media Corporation said in BSE filing. It said, the land plot measuring 14,533.76 square meters, housed storage and other facilities incidental to the printing press activities.