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HLV shines on getting nod for sale of land in Hyderabad

20 Mar 2020 Evaluate
HLV is currently trading at Rs. 3.43, up by 0.31 points or 9.94% from its previous closing of Rs. 3.12 on the BSE.

The scrip opened at Rs. 3.20 and has touched a high and low of Rs. 3.43 and Rs. 3.20 respectively. So far 10904 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 12.82 on 22-Mar-2019 and a 52 week low of Rs. 3.06 on 13-Mar-2020.

Last one week high and low of the scrip stood at Rs. 3.86 and Rs. 3.07 respectively. The current market cap of the company is Rs. 216.28 crore.

The promoters holding in the company stood at 47.27%, while Institutions and Non-Institutions held 2.34% and 50.38% respectively.

HLV has received an approval for sale of land owned by the company in Hyderabad on ‘as is where is basis’ wherein the purchaser shall take care of all the disputes related to land either by way of settlement or litigation and after the settlements, the company expects to receive Rs 40 crore from the purchaser over a period of nine months to twelve months. 

The Board of Directors of the Company at their meeting held on March 20, 2020, approved the same.

HLV (Formerly known as Hotel Leelaventure) is an India-based holding company, which is engaged in hoteliering business. The company is engaged in providing accommodation and food services, and food and beverage services.
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