Housing Development and Infrastructure (HDIL) has entered into definitive agreements with respect to transfer of its 100% shareholding of its wholly owned subsidiary company, HDIL Entertainment to Carnival Films.
As per the agreement, the company will divest its 100% shareholding in the subsidiary company thereby handing over the operations of its chain of multiplex business across India.
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).
