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Housing Development and Infrastructure Ltd reply to clarification sought by exchange

| Updated on December 03, 2014 Published on December 03, 2014

The Exchange had sought clarification from Housing Development and Infrastructure Ltd with respect to news appearing on Zee News website on December 03, 2014 titled "SRA project irregularities: FIR against govt, HDIL officials."

Housing Development and Infrastructure Ltd replied stating "This is regarding newspaper articles published today in respect to F.I.R. having been filed against Government Officials, SRA Officials, the Company and its Directors in the Project approved under SRA Scheme in Motilal Nehru Nagar, Bandra (East) in the year 2005-06. The eligibility under the Scheme is decided by the concerned Statutory Authority and the Company has no role to play.

This is a frivolous attempt to malign the reputation of the Company and its Directors and as such Company will take appropriate legal action including quashing of the FIR."

Source : BSE - >www.bseindia.com

Published on December 03, 2014
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