Bank of India invests Rs 150 cr in HCC unit

By Staff

Published: Tuesday, October 14, 2008, 21:03 [IST]

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New Delhi, Oct 14 (UNI) Bank of India has invested Rs 150 crore in a subsidiary of Hindustan Construction Company Ltd (HCC) in the form of convertible debentures.

The transaction will reconfirm equity valuation of the subsidiary-- Lavasa Corporation Ltd -- at Rs 10,000 crore, HCC said in a statement.

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Published On October 14, 2008

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