HDIL to invest in BKC Developers

Housing Development and Infrastructure (HDIL), one of India`s premier real estate development companies today said that its board of directors has approved to make investment in shares of Bandra Kurla Complex (BKC) Developers, thereby making it a subsidiary company.

The company also approved to allot 130,00,000 equity shares to the Promoter against convertible warrants issued to him on Jul. 02, 2009.