Indian Hume Pipe Sells Hyderabad Land for ₹173.96 Crore
Indian Hume Pipe Co. Ltd. (IHP) has announced the completion of the sale of its Hyderabad land asset. The land, measuring approximately 18,311.57 square yards (equivalent to 15,310.80 square meters),...
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Why is Indian Hume Pipe Company Limited in the news today?
Indian Hume Pipe Company Limited (INDIANHUME) is in the news due to the sale of a land asset for a significant amount is a positive development for the company, potentially improving its liquidity and financial position.
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Indian Hume Pipe Sells Hyderabad Land for ₹173.96 Crore
December 30, 2025, 08:07 AM
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Indian Hume Pipe Co. Ltd. (IHP) has announced the completion of the sale of its Hyderabad land asset.
The land, measuring approximately 18,311.57 square yards (equivalent to 15,310.80 square meters), was sold to ASBL Private Limited (formerly Ashoka Builders India Private Limited) for a total consideration of ₹173.96 Crores.
Rajas Doshi, Chairman & Managing Director of IHP, stated that the company obtained ownership of the property recently after holding it on leasehold for 94 years and successfully concluded its sale within a short timeframe. The transaction was finalized through a competitive bidding process.
Jones Lang Lasalle (JLL) acted as transaction advisors, and Cyril Amarchand Mangaldas (CAM) acted as legal advisors for the sale.
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