August 28, 2008 – 5:45 am
DLF Ltd, India’s biggest listed property developer, has sought shareholders consent to raise up to one hundred billion rupees by selling shares to institutional investors.
The New Delhi-based company said in its yearly report for a shareholders meeting on Sept. 30 it estimated to complete the share sale within 1 year of getting shareholder consent.
“This is [...]
By manish
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Posted in Real Estate News
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Also tagged Bse Index, Dlf, Initial Public Offer, Initial Share, Institutional Investors, Market Slide, New Delhi, Property Developer, Property Singapore, Property Trust, Shareholder, Shareholders Meeting, stock market
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Red Fort Capital, a private equity fund focused on real estate development, is in advance stages of negotiations with six developers for an equal number of projects worth Rs 4,000 crore in the metros across India.
The PE fund joined hands with Godrej Properties to develop an IT park in Kolkata, where Red Fort Capital has [...]
DLF is looking at setting up a Rs 800-crore venture capital (VC) fund with a mandate to invest in companies engaged in equipment management and construction activity. This is being seen as a strategic move by DLF to support its rapidly expanding construction activity.
The Delhi-based firm has filed the documents with market regulator SEBI seeking [...]
Higher input costs, low market valuations and scaled up capacity amidst reduced demand is likely to take its toll on the cement industry. The growth rate of the industry is projected to drop below 10 % for the current fiscal.
According to a report by Edelweiss Research, weak fundamentals and mounting cost pressures are likely to [...]
By manish
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Posted in Real Estate News
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Also tagged Ambuja Cements, Cement Companies, Cement Industry, Cement Majors, Fuel, Home Loan Rates, Input Costs, Madras, Madras Cements, Market Valuations, Real Estate Sector, Real Estate Slowdown
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UK-based Eredene Capital has picked up a 50% stake in Apeejay Infra-Logistics (AILPL), the infrastructure arm of Kolkata-based Apeejay Surrendra Group.
The group is setting up a state-of-the-art logistics park in Haldia in West Bengal’s West Midnapore district. Eredene Capital has invested Sterling Pound 5.25 million or Rs 42 crore to pick up the 50% AILPL [...]
Unitech Limited, India’s foremost Real Estate Company on 27 June 08 announced its audited consolidated financial results for the FY ended 31st March 2008.
Total income rose by twenty six percent to Rs. 42,801 million, as against Rs. 33,881 million during the preceding financial year. Profit after tax (PAT) also jumped by twenty seven percent to [...]
By manish
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Posted in Real Estate News
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Also tagged Bank Balances, Chandra, Earning Per Share, Eps, Equity Base, Face Value, Fiscal Year Ended March, Loans, Managing Director, Profit Loss Statement, Real Estate Company, Rupees, Sanjay, Unitech
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Investors in this country are known to have an appetite for exotic investments.
Irish Life is tapping into this by giving investors an opportunity to invest in commercial property in Asia and Europe through two new funds from Irish Life — Eurasia Property Fund and Eurasia Property Plus Fund.
Irish Life is partnering with Hendersons Global Investors-one [...]
Goldman Sachs, the global financial powerhouse, has picked up a minority stake in Sterling & Wilson, a Shapoorji Pallonji group company, for $50 million. No further financial details were available.
Sterling & Wilson is one of the leading mechanical, electrical and plumbing (MEP) contracting companies in the country. It is one of those few companies in [...]
With an aim to clock 30-35 per growth per annum, the US fast food chain McDonald’s plans to open around 60 more restaurants across the country annually and pump in Rs 400 crore in the next three years.
“India has a huge market potential for McDonald’s,” Connaught Plaza Restaurants Managing Director Vikram Bakshi said while inaugurating [...]
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