Hemisphere Properties India Limited has informed the Exchange about General Updates
HEMIPROP · price
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Hemisphere Properties India Limited has received approval from the Office of the Collector, Pune, Maharashtra, for the sale of its Bopkhel land parcel. The approval came via letter dated September 26, 2025, and is subject to certain terms and conditions. The sale is tied to a premium payment of ₹130.56 crore. The company, a Government of India enterprise, disclosed this under SEBI's Regulation 30 listing requirements. The Bopkhel land is a significant asset for the company, and this clearance removes a key regulatory hurdle to monetizing it.
This is a positive development for shareholders, as it paves the way for the company to unlock value from a major land asset, with potential cash inflow of ₹130.56 crore in premium, subject to the buyer meeting the stated conditions.