HDIL Incorporates wholly-owned subsidiary "HDIL Entertainment"

Housing Development & Infrastructure Ltd (HDIL) has announced that the Company has incorporated a wholly owned subsidiary known as "HDIL ENTERTAINMENT PVT LTD".

The stock closed the day at Rs.505.70, down by Rs.39.15 or 7.19%. The stock hit an intraday high of Rs.525 and low of Rs.502.40. The total traded quantity was 834287 compared to 2 week average of 1514605.

The Company has obtained following rating from Credit Analysis & Research Ltd (CARE):

1. PR1 (PR One) rating to the short term NCD (non convertible debenture) for an amount upto Rs 250 crores.

2. Care A(single A) rating to the NCD (non convertible debenture) issue upto Rs 750 crores.

Source : Equity Bulls

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