MoneyWorks4Me

HB Estate Developers raises funds worth Rs 20 crore

21 Sep 2020 Evaluate

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. 

Peers
Company Name CMP
Lodha Developers 1061.00
Prestige EstatesProj 1490.00
Dilip Buildcon 393.85
DLF 669.60
Oberoi Realty 1703.50
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