Indian Hume Pipe Company: The project involving redevelopment of the Yoganand Co-Operative Housing Society, which currently accommodates nearly 400 residents, is expected to be completed in 3-4 years.
Usually, promoters selling a stake in a company is considered lack of confidence in the business and leads to selling in stock markets. However, investors have disregarded the sale, and continued to buy stock.
The Indian Hume Pipe Company Limited has on 21st May, 2023 executed Agreement for Development with M/s. Kalpataru Limited, for Sharing revenue from development of the Company s freehold land.