In a bid to partly repay its debt by around Rs 600-700 crore in FY15, Housing Development and Infrastructure (HDIL) is planning to raise up to Rs 1,800 crore this fiscal by selling stakes in some of its assets.

The company is planning to monetize its assets where it has around 40-45% stake in joint venture projects. The company is planning to put its 100-acre land parcel at Kukatpally in Hyderabad on block as this market has witnessed a revival in the last one month. Moreover, the company will also sell off some of its commercial projects in Mumbai this fiscal.

HDIL is a real estate development company. Its business activity comprises of construction and development of residential projects, commercial, retail and slum rehabilitation projects. It is also engaged in construction of special economic zone (SEZ).

HDIL Share Price

5.93 0.00 (0.00%)
19-Feb-2024 16:59 View Price Chart
Peers
Company Name CMP
Dilip Buildcon 460.00
Macrotech Developers 1106.20
NBCC (India) 143.55
Prestige EstatesProj 1252.70
DLF 895.75
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.