Tag: Nod

Unitech to raise up to Rs 5000 crore via issue of securities

Real estate company Unitech Ltd said on Monday that it plans to raise up to Rs 5,000 crore through issue of securities. The company said this is an “enabling resolution”, and follows the expiry of a similar resolution earlier. But it did not give out details of fund raising. Unitech Ltd shares ended nearly 3.4% […]

Indiabulls Real Estate gets HC nod to merge subsidiaries

Indiabulls Real Estate announced that the High Court of Delhi has sanctioned the scheme of amalgamation of Indiabulls Power Services (IPSL) with Sophia Power. Both IPSL and Sophia Power are subsidiaries of the company. The company further said that it would be allotted equity shares in Sophia on the basis of share exchange ratio as […]

Prudential, DLF get in-principle nod for fund unit

India’s most valuable real estate firm, DLF Ltd, and American life insurer Prudential Financial Inc (PFI) said they have an in-principle regulatory approval for a mutual fund venture formed in December. “We look forward to a successful launch once we receive the remaining regulatory approvals, which should take place sometime in 2009,” Rajeev Talwar, group […]