A meeting of the Board of Directors of Eldeco Housing & Industries Ltd is scheduled on 27/08/2019, to consider and approve to enter into a Memorandum of Understanding with Eldeco Infrastructure and Properties Limited (EIPL) wherein, it is proposed to advance a sum not exceeding Rs. 27.50 Crores to EIPL upon which the Company shall be entitled for two-third (2/3rd) surplus of EIPL's entitlement in the surplus arising from an upcoming residential township project at Bareilly, Uttar Pradesh (to be developed by a subsidiary of EIPL i.e. Eldeco Infrabuild Limited) subject to repayment of the sum advanced along with minimum interest of 8% p.a. on the sum advanced.
Shares of ELDECO HOUSING & INDUSTRIES LTD. was last trading in BSE at Rs.1890 as compared to the previous close of Rs. 1926.65. The total number of shares traded during the day was 378 in over 16 trades.
The stock hit an intraday high of Rs. 1981.95 and intraday low of 1876. The net turnover during the day was Rs. 718457.