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Housing Development & Infrastructure Ltd to divest 100 pct. shareholding in subsidiary company

Wednesday, 2 Jul 2014 11:46pm EDT 

Housing Development & Infrastructure Ltd:Enters into definitive agreements with respect to transfer of its 100 pct. shareholding of its wholly owned subsidiary company, viz HDIL Entertainment Private Ltd to Carnival Films Private Ltd.As per agreement the company will divest its 100 pct. shareholding in subsidiary company thereby handing over operations of its chain of multiplex business across India. 

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