ELDECO HOUSING & INDUSTRIES LTD. - Outcome of Board Meeting

Eldeco Housing & Industries Ltd has informed BSE that the Board of Directors of the company at its meeting held on February 11, 2016, has approved sale of the Companies Investment in its wholly owned subsidiary Companies-<BR><BR>1. M/s Milaap Constructions Pvt. Ltd.,<BR><BR>2. M/s Bliss Constructions Private Limited and<BR><BR>3. M/s Mahal Constructions Private Limited.