Kotak Securities has purchased 21,28,000 shares of Housing Development and Infrastructure (HDIL) through the open market route. The shares were bought at an average price of Rs 51.56 on National Stock Exchange (NSE) on March 27, 2014.
HDIL is a real estate development company. Its business activity comprises of construction and development of residential projects, commercial, retail and slum rehabilitation projects. It is also engaged in construction of special economic zone (SEZ).