Tag: Shares

Realty sector firms with Mumbai exposure hit by duty hike.

Reuters Market Eye – Shares in real-estate companies with sizeable exposure to Mumbai fell on Monday after newspaper Times of India reported the state government of Maharashtra was planning to increase stamp duties in the city by as much as 160 times for residential and commercial properties. A real estate analyst with a Mumbai-based brokerage […]

Navin Fluorine International is a two starrer

Navin Fluorine International has been awarded two stars out of five by CRISIL Equities, the Credit rating agency. The rating implies that the company`s fundamentals are moderate relative to other listed equity securities in India. This rating has been given to Navin due to its long-standing presence as one of the four main fluorine players […]

Realty Firms filed Prospectus last Monday

Last Monday, prospectus was filed according to which the Embassy Property Developers, an Indian real estate firm is planning to raise an amount of 513 million dollars through an IPO (Initial Public Offering) of shares. As per the prospectus, a pre-IPO placement of around 57.5 million shares for up to 11.75 billion rupees is being […]

Growth of JAL (Jaiprakash Associates Limited)

The Jaiprakash Associates, one of the leading infrastructure companies in India has covered a turn over or more than Rs. 10,000 cr. The Jaiprakash Associates Limited (JAL), the leading infrastructure pudding stone having business interest in the area of cement, construction, engineering, expressways, power and associated real estate and hospitality, in order to continue the […]

IBFSL releases 3% equity of Akruti City

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 […]

A Delhi Based Real Estate Company Is In Debt

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 […]