Tag: Merrill Lynch

Satyam hires Merrill Lynch to review its ‘strategic options’

Satyam Computer Services said that it hired investment bank DSP Merrill Lynch to review its “strategic options to enhance shareholder value,” a hint that the Indian outsourcer is looking to either be acquired or to sell a significant stake to an outside investor. At the same time Satyam announced it hired DSP Merrill Lynch, the […]

IL&FS realty fund mops up 895 million dollars

IL&FS real estate fund has mopped up $895 million (Rs 43,855 crore), promising overseas investors a return as high as 25%. The fund, called the IL&FS India Reality Fund 2, closed on Monday. Nearly 50% of the investment in the fund has come from US-based investors. The money has been raised at a time when […]

Merrill buys into Rajlaxmi’s new warehousing project

Merrill Lynch, the US-based investment bank, has picked up a minority equity stake in Hyderabad-based logistics provider Shree Rajlaxmi group’s upcoming warehousing development project for an undisclosed amount. “The project is a high-quality warehousing development that offers solutions to customers to enhance efficiency in their distribution channels,” said Rajlaxmi group director Anish Damodaran. The group […]

Overbuilding Promises A Kick In The Gut For Realtors

Nipun Sahni, director and global head of commercial real estate at Merrill Lynch Capital, says the number of information technology parks and special economic zones in the 21-km Old Mahabalipuram Road — popularly known as OMR — in Chennai surpasses demand in the entire IT industry in India. he said at a Ficci seminar, “It […]

Merrill Lynch Consolidates Stake In Ansal Properties

Foreign fund house Merrill Lynch Capital Markets has consolidated its stake in real estate major Ansal Properties and infrastructure to nearly 6%. Merrill Lynch Capital Markets Espana SA SV has acquired as much as 11.63 lakh equity shares representing 1.03% stake in Ansal Properties through secondary market purchase route. Prior to this transaction the foreign […]

IBull Realty Arm May Raise 286 Million US Dollar In Singapore

The trust, part of Indiabulls Real Estate Ltd., plans to sell 353 million units of Indiabulls Properties Investment Trust at between S$1 and S$1.10 Indiabulls Properties Investment Trust could raise up to $388.3 million (US$286million) selling units in a real estate investment trust (REIT) in Singapore, according to reports. The trust, part of Indiabulls Real […]

Indiabulls in Pounds 138m Aim Deal

In the biggest deal of its type, Mumbai-listed real estate company Indiabulls will make an all-share offer for Aim-listed Dev Property Development. It will be the first time that a deal of this size – Pounds 138 million – will be financed in the UK entirely by Indian shares. Indiabulls is a property and financial […]

Real Estate Development Prospect in India

January 08, 2008. Real Estate Companies and Investors are taking India as a great Investment destination. Real estate investment in major cities is taken as a beneficial deal. Real Estate Developers from the outside countries are showing their interest in building luxury villas in top Indian cities. They are looking for the joint venture partners […]