Kansai Nerolac has recently made headlines with its decision to sell a land parcel in Lower Parel to Runwal Developers for a whopping Rs 726 crore.

This strategic move is expected to have a positive impact on the company's financial position. The deal includes the transfer of lease for the property and has been approved by the company's board.

The board of directors is scheduled to meet on November 6, 2024, to review the unaudited standalone and consolidated financial results for the quarter and six months ending September 30, 2024. The market and investors are eagerly awaiting further updates on this transaction and its potential implications for the company's future performance.