Indian Hume Pipe’s shares jumped 11% after the company finalized the sale of its freehold land in Venkatala Village, Yelahanka, Bengaluru, for ₹559 crore. The deal, executed on March 21, 2025, was sealed with M/s. Godrej SSPDL Green Acres LLP.
The land parcel, spanning approximately 40,875.668 square meters (4,39,982 sq. ft.), has been fully monetized, strengthening Indian Hume Pipe’s liquidity. The company clarified that this transaction does not involve any subsidiary, business unit, or related party. It also does not fall under Section 180(1)(a) of the Companies Act, 2013, or Regulation 37A of SEBI (LODR) Regulations, 2015.
This strategic sale boosts the company’s cash reserves, potentially aiding future expansion and operational efficiency. Investors responded positively, reflecting confidence in Indian Hume Pipe’s financial prudence.
Indian Hume Pipe shares saw a strong rally, opening at ₹347.50 and hitting an intraday high of ₹389.00. The stock’s low for the day stood at ₹346.35. Despite trading far below its 52-week high of ₹613.70, it remains well above its 52-week low of ₹250.50.
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