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Eldeco Housing planning to enter into MoU with Eldeco Infrastructure

26 Aug 2019

Eldeco Housing & Industries is planning to enter into a Memorandum of Understanding (MoU) with Eldeco Infrastructure and Properties (EIPL) wherein, it is proposed to advance a sum not exceeding Rs 27.50 crore to EIPL upon which the Company shall be entitled for two-third (2/3rd) surplus of EIPL's entitlement in the surplus arising from an upcoming residential township project at Bareilly, Uttar Pradesh (to be developed by a subsidiary of EIPL i.e. Eldeco Infrabuild) subject to repayment of the sum advanced along with minimum interest of 8% p.a. on the sum advanced. The Board of Directors of the Company at its meeting to be held on August 27, 2019 to consider the same.

Eldeco Housing & Industries has a presence in all the major real estate classes - multi-storey group housing, residential townships, shopping malls, industrial parks, SEZs, office buildings and hotels.

Related Eldeco Housing & Industries Ltd. Links:

Eldeco Housing & Ind Share Price

2745.40 -125.65 (-4.38%) Jun 15, 18:01
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Peers
Company Name CMP
Dilip Buildcon 556.55
NBCC (India) 57.65
Sobha 514.85
JMC Projects (India) 119.00
Prestige EstatesProj 288.05
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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