Tag Archives: NBFC

IBFSL releases 3% equity of Akruti City

January 6, 2009 – 11:50 pm

Indiabulls Financial Services (IBFSL) on Tuesday said that it has released over 3% equity of Mumbai-based developer Akruti City as the real estate firm paid back a major part of its loan amount taken from IBFCL.
Akruti had taken Rs 200 crore from IBFSL by pledging 6% of its equity for working capital requirement.
IBFSL informed the [...]

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A Delhi Based Real Estate Company Is In Debt

August 20, 2008 – 9:39 am

A Delhi based real estate company, which claims to have transformed the dreams of several of its customers to reality, is being trampled by a leading Mumbai-based NBFC.
The promoters of the real estate company had pledged its shares with the NBFC and accepted a funding of Rs 300 crore to meet its short-term working capital. [...]

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Slowdown Of Real Estate Affects Loan Industry

July 7, 2008 – 2:33 am

The slowdown in the real estate sector has started impacting the securitization of loans to the industry. The demand for such securities has dried up as debt mutual funds turn wary and cut exposure to these securities, considered the most illiquid of tradable papers.
The market for loan securitization was Rs 31,000 crore, of which real [...]

By rajani | Posted in Property News | Also tagged , , , , , , , | Comments (1)