Brief: Indian Hume Pipe Company Executes Agreement With Birla Estates To Share Revenue From Development Of Freehold Land At Delhi

Indian Hume Pipe

18/07/2023 08:52

July 18 (Reuters) - Indian Hume Pipe Company Ltd
 IHME.NS :
    * EXECUTED DEVELOPMENT AGREEMENT WITH BIRLA ESTATES
    * AGREEMENT FOR SHARING REVENUE FROM DEVELOPMENT OF
COMPANY'S
FREEHOLD LAND AT DELHI
    * DEVELOPMENT WILL BE PRIMARILY COMPRISING OF RESIDENTIAL
GROUP
HOUSING APARTMENTS
    * REVENUE GENERATED FROM SALE OF PROJECT WILL BE SHARED IN
RATIO
OF 36.50% TO CO AND 63.50% FOR BIRLA ESTATES

Source text for Eikon:  ID:nBSEc02SJV 
Further company coverage:  IHME.NS 

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