HIL Limited has informed that the board of directors of the company at its meeting accorded its approval for the acquisition of 100% stake in Parador Holdings GmbH, Germany.

Pursuant to the above approval of the Board, the Company (i.e HIL Limited) and HIL International GmbH have entered and executed the Sale and Purchase Agreement to acquire 100% stake in M/s. Parador Holdings GmbH, Germany with the shareholders of Parador Holdings GmbH at Germany.