Shares of Housing Development and Infrastructure (HDIL) gained 4.6 percent intraday Wednesday as the company is selling industrial plot in Gujarat.
Mumbai-based HDIL has put up a 113 acre industrial plot for sale, the company said in statement today. Speaking to CNBC-TV18, VP Finance Hariprakash Pandey said proceeds from the sale would be used to pare debt.
CNBC TV-18's Manasvi Ghelani in conversation with Hariprakash Pandey, VP-Finance and Investor Relations of HDIL.
A senior executive at real estate developer Housing Development & Infrastructure Ltd said on Thursday the company was "very comfortable" with its debt repayments, after its shares fell as much as 22 percent.