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HDIL comfortable with debt repayments-official

Source : REUTERS
Last Updated: Thu, Jan 24, 2013 07:25 hrs
​real estate

A senior executive at Indian real estate developer Housing Development & Infrastructure Ltd said on Thursday the company was "very comfortable" with its debt repayments, after its shares fell as much as 22 percent.

"There have been lots of rumours in the market about bankruptcy and defaults, which we totally deny," said Hariprakash Pandey, vice-president of finance at HDIL, in a conference call.

"We are very comfortable with the debt repayment schedule and we are as per schedule," he added.

HDIL shares were down 14.6 percent as of 0651 GMT, after dropping 20.4 percent in the previous two sessions.


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