Treat us like ADIA, Gulf wealth funds urge India
For all infrastructure investments in India, funds controlled by ADIA are exempt from paying taxes on dividends, interest income and long-term capital gains, till March 2024.
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For all infrastructure investments in India, funds controlled by ADIA are exempt from paying taxes on dividends, interest income and long-term capital gains, till March 2024.
The share touched a 52-week high of Rs 32.64 and a 52-week low of Rs 12.50 on 06 December, 2023 and 28 March, 2023, respectively.
HCC Infrastructure Company, a subsidiary of the company also received Rs 110 crore as an earn out money from Cube Highways and Infrastructure V Pte Ltd, for stake sale in Baharampore-Farakka Highways (BFHL).
HCC share price: The company, in a BSE filing, said it will sell its Swiss construction unit to a French firm for Rs 928 crore. "Steinier AG, Switzerland, a material subsidiary of HCC, has entered into a share purchase agreement with Demathieu Bard for divestment of its entire equity interest in Steiner Construction SA, Switzerland, for Rs 928 crore," it stated.
Mubadala has invested over $4 billion in India of which $1.6 billion has been deployed by the real estate and infrastructure investments platform.