Eldeco Housing gets nod to enter into MoU with Eldeco Infrastructure

27 Aug 2019

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.

Related Eldeco Housing & Industries Ltd. Links:

Eldeco Housing & Ind Share Price

2063.00 7.85 (0.38%) Mar 08, 18:37
1 Year Price Chart
Peers
Company Name CMP
Dilip Buildcon 660.50
NBCC (India) 51.05
Sobha 465.00
JMC Projects (India) 78.45
Prestige Estate Proj 294.00
View more..
Sensex vs Eldeco Housing & Ind
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback