 "HDIL extends gain post Kurla land parcel deal")
Housing Development and Infrastructure (HDIL) is trading higher by 5% at Rs 74, extending its previous day’s 6% rally on the BSE, after the real estate developer sold development rights of its land parcel at Kurla to DK Realty (India) for Rs 650 crore.
“The company has registered a development agreement with DK Realty (India) Private Limited to sell the development rights in respect of the piece and parcel of land situated at Kurla, Mumbai, for a consideration of 649.51 crore,” HDIL said in a BSE filing.
The stock hit a high of Rs 74.30 on the BSE. The counter has seen huge trading volumes with a combined 8.19 million shares have changed hands in first half-an-hour of trading as compared to an average 10 million shares that were traded daily in past two weeks on the BSE and NSE.
“The company has registered a development agreement with DK Realty (India) Private Limited to sell the development rights in respect of the piece and parcel of land situated at Kurla, Mumbai, for a consideration of 649.51 crore,” HDIL said in a BSE filing.
The stock hit a high of Rs 74.30 on the BSE. The counter has seen huge trading volumes with a combined 8.19 million shares have changed hands in first half-an-hour of trading as compared to an average 10 million shares that were traded daily in past two weeks on the BSE and NSE.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%