Housing Development & Infrastructure (HDIL) announced on Monday that it entered into an MoU for purchase of 8.32 acres of property belonging to Kilburn Engineering situated at Bhandup for a total consideration of Rs 1,247 million. Subject to necessary approvals, the transaction will be effected in stages over a period of time. Recently CARE assigned `PR1` rating to HDIL short term NCD (non convertible debenture) for an amount up to Rs 2.5 billion. The rating agency has also assigned Care A rating to the company`s NCD (non convertible debenture) issue up to Rs 7.50 billion.
Monday, August 20, 2007
HDIL inks pact to buy 8.32 acres of property at Bhandup for Rs 1.24 bn
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