Edition:
India

Key Developments: Housing Development and Infrastructure Ltd (HDIL.NS)

HDIL.NS on National Stock Exchange of India

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Latest Key Developments (Source: Significant Developments)

Housing Development & Infrastructure Ltd to divest 100 pct. shareholding in subsidiary company
Thursday, 3 Jul 2014 

Housing Development & Infrastructure Ltd:Enters into definitive agreements with respect to transfer of its 100 pct. shareholding of its wholly owned subsidiary company, viz HDIL Entertainment Private Ltd to Carnival Films Private Ltd.As per agreement the company will divest its 100 pct. shareholding in subsidiary company thereby handing over operations of its chain of multiplex business across India.  Full Article

Housing Development & Infrastructure Ltd to sell land parcels in Mumbai, Hyderabad-Business Standard
Monday, 26 May 2014 

Housing Development & Infrastructure Ltd:Plans to raise up to 18.00 bln Indian Rupees this fiscal by selling stakes in some of its assets to partly repay its debt by around 6.00-7.00 bln Indian Rupees in FY 2015-Business Standard.The realty firm wants to sell off its 100-acre land parcel in Hyderabad and some of its commercial projects in Mumbai.  Full Article

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