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L&T Infocity to sell stake in Hyderabad exhibition center project

The company is expecting to get around Rs 70 crore towards the sale of 58 per cent equity it holds in the exhibition center project

L&T Infocity Limited, which had built properties such as Cyber Towers, the first land mark structure for IT and software companies in Hyderabad, is planning to exit from Hitex Exhibition Center, a property spread across 50 acres adjoining the International Convention Center here. The company is expecting to get around Rs 70 crore towards the sale of 58 per cent equity it holds in the exhibition center project. The remaining stake is held by National Academy of Construction (NAC) and other government departments. "As our parent company is now engaged in building a large project like ...