IL&FS invites bids for sale of six land parcels, enlists services of JLL
Debt-strapped Infrastructure Leasing & Financial Service Limited and its subsidiaries including IL&FS Engineering and Construction Company Limited have invited expressions of interest for sale of Hill County Properties Limited.
IL&FS, IL&FS Townships and Urban Assets Limited and IL&FS Engineering and Construction Company Limited currently hold 9 per cent, 40 per cent and 31 per cent, respectively, totalling to 80 per cent stake in Hill County Properties Limited.
HCPL holds various parcels of lands and development rights for properties aggregating to about 494 acres spread across six sites. Three of the six sites are located in Hyderabad, Telangana, aggregating to 437 acres; one site each in Vijayawada and Visakhapatnam in Andhra Pradesh aggregating to 44 acres, and one site in Meerut (Uttar Pradesh) of 13 acres.
