Ashiana Housing Limited settles long-time pending dispute with Bengal Shriram Hitech (P) Ltd

Ashiana Housing Limited has settled a long-time pending dispute through arbitration proceedings against the breach of Development Agreement dated 09th July 2015, through which the company had acquired development rights over the land admeasuring 19.72 acres situated at Mauza Bhadrakali, District Hooghly, P.S.- Uttarpara, West Bengal. Under the settlement agreement the company has received INR 18.50 crores as full and final amount, and the above stated Development Agreement stands cancelled.

Shares of Ashiana Housing Limited was last trading in BSE at Rs. 312.15 as compared to the previous close of Rs. 312.40. The total number of shares traded during the day was 1209 in over 50 trades.

The stock hit an intraday high of Rs. 315.00 and intraday low of 310.00. The net turnover during the day was Rs. 377401.00.

Source : Equity Bulls

Keywords

AshianaHousing INE365D01021 Realty Settlement Arbitration PendingDispute BengalShriramHitech