Hubtown has divested and transferred its entire holding of 4,720 equity shares in its subsidiary -- Heet Builders in favour of the acquirers Jignesh Shah and Nitin Shah and consequently, Heet has ceased to be a subsidiary of the company with effect from February 22, 2019.
Hubtown engaged in the development, sale, and lease of commercial, residential, retail, and industrial properties. The company's project portfolio primarily comprises residential projects, commercial projects, special economic zones, SRAs, IT parks, biotech parks, robotic car parks, retail parks, and textile parks.
