Shares of Housing Development and Infrastructure Ltd (HDIL) rose by nearly 4 per cent today after the realty player sold development rights on its land parcel at Kurla to DK Realty (India) for Rs 649.51 crore.
The stock gained 3.70 per cent to settle at Rs 72.95 on BSE. During the day, it rose 5.75 per cent to Rs 74.40.
At NSE, shares of the company went up by 3.55 per cent to end at Rs 72.90.
On the volume front, 26.83 lakh shares of the company changed hands at BSE and over two crore shares were traded at NSE during the day.
"HDIL has registered a development agreement with DK Realty (India) to sell the development rights in respect of the piece and parcel of land situated at Kurla for a consideration of Rs 649.51 crore", the company said in a filing to the BSE yesterday.
HDIL has several projects in the Mumbai metropolitan region and has developed over 100 million sq ft area of commercial, residential and retail space.
