Tag Archives: Working Capital

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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