Hindustan Construction Company (HCC),, one of the India's leading infrastructure companies, witnessed a rise in share price on Monday after it has sold its entire 26% stake in Vikhroli Corporate Park which owns the premium commercial building, 247 Corporate Park, located at Vikhroli West, in Mumbai.

The company has sold its stake to Blackstone Purchase Entities on Thursday, May 28, 2015. The deal was valued at over Rs 10 billion, which includes assumed debt, resulting in a net cash inflow of approximately Rs 2 billion to HCC.

The remaining 74% stake was owned by ILFS Milestone Fund and others. In FY 2010-11, HCC group has raised approx Rs 3 billion when it has sold its 74% stake to ILFS Milestone Fund.

Shares of HCC are trading at Rs 29.50, up Rs 0.55, or 1.90% at the Bombay Stock Exchange (BSE) on Monday at 12:02 p.m.

Total volume of shares traded on the bourses today was higher by 238.12% to 4,464,646 compared with 22-day average volume of 1,320,436.