Himachal Futuristic Communications Limited buys HTL shares
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Many grabbers of the contract which is allied to realty property might be in the distant, but Telecom equipment maker Himachal Futuristic Communications Ltd. (HFCL) has understood to put its 74% share in Hindustan Tele Printers ltd. (HTL) on the slab.
Himachal Futuristic Communications is thought to be gazing to release the value of the realty which is possessed by Hindustan Tele Printers in Chennai and has placed a price tag of Rs. 1,000 to 1,100 Crores. If the contract set out through at the inquiring price then it will be one of the largest contracts in the Indian realty segment. After that, it will be only to the Unitech’s buyers of 340 acres plot in the Greater Noida for Rs. 1,582 Crores. Himachal Futuristic Communications Ltd. had purchased greater part of the shares in Hindustan Tele Printers Ltd. as part of the last withdraws investment procedure.
Source: NIMMA BENGALURU
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