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Eldeco Housing gets nod to enter into MoU with Eldeco Infrastructure

27 Aug 2019 Evaluate

Eldeco Housing & Industries has received an approval 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 held on August 27, 2019 have approved 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.

Eldeco Housing & Ind Share Price

839.45 18.60 (2.27%)
10-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 827.75
Dilip Buildcon 434.80
DLF 569.60
Oberoi Realty 1671.50
Ahluwalia Contract(I 782.75
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