Embassy Office Parks REIT, India’s first listed REIT, has raised Rs 750 crore through issue of non-convertible debentures (NCDs) at 6.70% quarterly coupon rate. The funds raised will be used to drive growth through on-campus development projects and the recently announced acquisition of Embassy Ma... Read more...
Shree Cement on Saturday reported an increase of 31.10 per cent in its standalone net profit to Rs 399.24 crore for the fourth quarter ended March 31, 2018.The company had reported a net profit of Rs 304.51 crore in January-March quarter a year ago, Shree Cement said in a BSE filing. Its total in... Read more...
Aditya Birla Group firm UltraTech Cement reported a consolidated net profit of Rs 446.13 crore for the fourth quarter ended on March 31, 2018. The company had posted a net profit of Rs 726.09 crore in the January-March quarter a year ago, UltraTech Cement said in a BSE filing. UltraTech's net... Read more...
GIC Housing Finance reported a rise of 28 per cent in net profit at Rs 59.87 crore for the last quarter of 2017-18 financial year ended March 31. The company made a net profit of Rs 46.61 crore in the January-March quarter of 2016-17. The total income increased to Rs 297 crore from Rs 266.63 cror... Read more...
Berger Paints said its board has approved an investment of Rs 200 crore to set up an integrated paint manufacturing plant in Uttar Pradesh. "The board of directors of the company has approved installation of an integrated paint plant with water and solvent-based decorative, industrial and pr... Read more...
Indiabulls Real Estate Ltd on Saturday said it will acquire a commercial building in Gurugram with leasable area of 2.5 lakh sq. ft for an undisclosed amount. “We wish to inform you that Indiabulls Real Estate Ltd, through its wholly-owned subsidiary Manjola Infrastructure Ltd, has entered into... Read more...
Dewan Housing Finance Corporation Ltd (DHFL) on Friday said it plans to raise up to Rs 1,000 crore through non-convertible debentures on private placement basis. "The company proposes to issue non-convertible subordinated unsecured debentures amounting to Rs 1000 crore on private placement bas... Read more...
Capacit'e Infraprojects has bagged construction contracts worth Rs 365.50 crore from Oberoi Realty Group entities. The order is for construction of proposed residential rehab and sale of tower worth Rs 145.50 crore and for construction of mixed use development project worth Rs 220 crore, Capaci... Read more...
Merrill Lynch has sold nearly 2 per cent stake in Indiabulls Housing Finance for Rs 982 crore through an open market transaction. According to the bulk deal data available with BSE, Merrill Lynch Markets Singapore Pte Ltd offloaded 75.98 lakh shares or 1.78 per cent stake in Indiabulls H... Read more...
In a major real estate deal, Indiabulls Real Estate (IBREL) has executed a definitive agreement with global private equity investor Blackstone Group to divest 50 per cent stake in its prime commercial properties in the megapolis for Rs 4,750 crore. IBREL has executed transaction documents with th... Read more...