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HDIL obtains 2% on stake divestment in subsidiary company

HDIL obtains 2% on stake divestment in subsidiary company

Monday, March 6, 2017, 2:51 PM

The share price of Housing Development and Infrastructure gained 2.5 percent as it is going to divest its stake in the subsidiary company. The finance committee of the company has decided to divest its 100 percent shareholding of its wholly owned subsidiary company, Excel Arcade. The company was holding 19,54,000 shares and had invested Rs 10,81,50,100 in that company.
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