HDFC acquires 612 equity shares of Xanadu Realty for Rs 25 crore, ET RealEstate

June 29, 2023

NEW DELHI: Housing Development Finance Corporation (HDFC) has acquired 612 equity shares of Xanadu Realty (Xanadu) representing 5.46% of its paid-up equity share capital upon conversion of 938 compulsorily convertible debentures held by it in Xanadu, the company said in a BSE filing.

Shares have been allotted to HDFC by way of conversion of compulsorily convertible debentures. Shares have been acquired at Rs 4,08,501 per equity share aggregating to a total consideration of Rs 25 crore.

Xanadu’s aggregate revenue during FY 2021-22 was Rs 143.90 crore and balance sheet size as on March 31, 2022 was Rs 225.79 crore.

Xanadu is inter alia engaged in sales, marketing and project management consulting services for real estate.

  • Published On Jun 29, 2023 at 07:30 PM IST

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