Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Money / HDIL group firm sells stake to D E Shaw for $250 mn
BackBack

HDIL group firm sells stake to D E Shaw for $250 mn


HDIL group firm sells stake to D E Shaw for $250 mn

Premium

Mumbai: Real estate firm Housing Development & Infrastructure Ltd said on Wednesday a group firm had sold stake to a unit of private equity firm D E Shaw for $250 million (Rs9.94 billion).

The group firm, Mack Star Marketing Pvt Ltd, holds development rights for a 54,000-metre commercial complex being constructed near Mumbai’s international airport.

Last week, HDIL had transferred its development rights for this complex to Mack Star for Rs9 billion.

HDIL shares, which extended gains on the news, were trading at Rs861.10 rupees, up 3%in a strong Mumbai market.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 27 Feb 2008, 03:06 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App