Housing Development Infrastructure Limited has informed the exchange about its plans to buy Kilburn Engg's Bhandup Unit. During afternoon trading, Housing Development and Infrastructure, HDIL is hovering near Rs 510. During the day, it touched an intraday high of Rs 530 and an intraday low of Rs 479.10. The stock ended the day at 490 on NSE with a net loss of Rs 30.

The company is going to sign up MoU to acquire Kilburn Engg's Bhandup unit for Rs 125 crore.

The trading volumes of the scrip stood at 1,666,333 shares. The share closed firm on Monday.

Housing Development Infrastructure Limited (HDIL) is a realty development company with substantial operations in Mumbai Metropolitan Region. Their business concentrates on real estate development comprising construction and development of residential, commercial & retail projects, slum rehabilitation and development, land development including development of infrastructure.