Hemisphere Properties India Ltd - HEMISPHERE PROP Share Price

Summary

Hemisphere Properties India Limited is a public Limited Company was incorporated on 17 January 2005 as real estate company and has become Government Company from 18 March 2014. The companys shares are listed in BSE and NSE. The company was formed as part of the disinvestment exercise carried out by the Government of India in respect of its holdings in the erstwhile VSNL (currently known as Tata Communications Limited). The company is engaged in construction and development of commercial building, industrial shed, offices, house buildings, apartment, structures, hotels or other allied works of every description on any land acquired howsoever by the company whether on ownership basis or lease or licensee and to deal with such construction or developed or build premises by letting out, hiring or sale.During FY 2012-13, Government of India acquired 51.12% equity stake in HPIL after the decision of Cabinet. Earlier, the Company was in administration of Department of Telecommunications and further after the Cabinet decision dated April 06th, 2018 the administration of HPIL was transferred from Department of Telecommunication to Ministry of Housing & Urban Affairs. The Mumbai Bench of National Company Law Tribunal and Ministry of Corporate Affairs approved Scheme of Arrangement & Reconstruction between Tata Communications Limited & Hemisphere Properties India Limited on 12.07.2018 and 05.08.2018 respectively.The surplus Land located in 4 major cities ie. Delhi, Pune, Chennai and... Read More