MoneyWorks4Me

Peninsula Land enters into debt-asset swap arrangement with HDFC

31 Dec 2019 Evaluate

Peninsula Land has entered into debt-asset swap arrangement with HDFC, against encumbrance over the Building known as Peninsula Spenta admeasuring 66,770 sq. ft. at Lower Parel, Mumbai. The consideration to be received from such sale is Rs 156.06 crore.

Peninsula Land is a holding company engaged in construction business. The company is engaged in the business of real estate development. Its segments include Realty, Renting and Others.

Peers
Company Name CMP
Lodha Developers 1057.10
Prestige EstatesProj 1470.50
Dilip Buildcon 395.30
DLF 665.10
Oberoi Realty 1698.80
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