HB Estate Developers’ board has allotted 20,00,000 9% Redeemable Non Cumulative Non Convertible Preference Shares-Series III Tranche II of face value of Rs 100 each aggregating to Rs 20 crore to Venus Portfolios, on Private Placement basis. The Securities Committee Meeting of the Board of Directors of the company in its meeting held on September 19, 2020 has allotted the same.
HB Estate Developers is primarily engaged in the development of commercial and residential complexes. The projects undertaken by the company include HB Grandeur and HB Twin Towers. The company also in the business activities of Hotel, Real Estate.