HUL puts south Mumbai building on block;stk up

MUMBAI: Hindustan Unilever has sounded off buyers for its erstwhile headquarters Lever House in south Mumbai after earliet opting to lease the over 50-year old prime property.

An outright sale of the building with carpet area of 153000 square feet could fetch over Rs 500 crore while a leasing agreement would bring in lease rents of around Rs 300 per square feet a month.

The stock was at Rs 274.55, up 0.51 per cent on the NSE. It touched a high of Rs 276.20 and low of Rs 273 in trade so far.