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(Reuters) - Real estate firm Prestige Estates Projects Ltd's 12-billion-rupee initial public offering (IPO) was subscribed 2.26 times, according to data on the NSE website late on Thursday, the final day of the issue. The qualified institutional portion Read More...
Credit rating agency, ICRA has downgraded the rating assigned to the Rs 7.07 billion fund based and non-fund based limits of Brigade (Q,N,C,F)* Enterprises (BEL) to LBBB- from LBBB+ earlier. LBBB indicates the moderate-credit-quality rating assigned by Read More...
Sobha Developers Ltd is working hard to raise about Rs 1,200-1,400 crore by selling part of its land parcels in a bid to reduce its outstanding debt. The developer has a time line of around two years to raise funds and is looking at outright sale or by Read More...
This is a Good News for all those who has invested in Puravankara's IPO, Puravankara Projects registered a consolidated net profit of Rs 61.89 crore for the quarter ended June 30, up by 41 per cent compared to the corresponding quarter last fiscal. Read More...
Puravankara Projects has announced its fourth quarter and FY08 results. The company's FY08 consolidated net sales were up at Rs 565.81 crore from Rs 416.85 crore. Its FY08 consolidated net profit was up at Rs 240.05 crore versus Rs 129.10 crore. Its Read More...
Phoenix Mills Ltd has announced that the Company has invested in Palladium Constructions Pvt Ltd and Platinum Hospitality Services Pvt Ltd, 2 project specific SPVs, which have in turn acquired, a parcel of land admeasuring 67,735 sq. mtrs at Rajaji Nagar, Read More...
Shares of Brigade Enterprise posted a flat listing at Rs395 versus an issue price of Rs390. The company offered 16,624,720 equity shares of Rs10 each. The price band was fixed at Rs351 to Rs390 per equity share.Brigade Enterprise is one of the leading Read More...
Bangalore-based Prestige Group has partnered a global mall operator to float a 50:50 joint venture company. Irfan Razack, Chairman and Managing Director, Prestige Group declining to name the company, said, “We recently signed an agreement to float Read More...
I have been away from blogging and a lot has happened in Bangalore Real Estate Industry over past 2 months, now starting from the hottest news yes about Brigades IPO, hope it will have a better start then Puravankara, but conditions spell a disaster looking Read More...
Bangalore based real estate developer, Golden Gate Properties, is believed to be close to a sale of a 20%-30% stake in the company. Leading financial institutions like ABN Amro, Credit Suisse and Deutsche Bank are reported to be in the race for picking Read More...
MUMBAI: The initial public offering of Puravankara Projects was subscribed 1.91 times according to data available on the exchanges’ websites at 8 pm on Wednesday. The IPO received bids for over 4.09 crore shares against the issue size of 2.14 crore Read More...
Unstable markets have prompted Puravankara Projects, a Bangalore-based real estate company, to revise its initial public offer (IPO) price from Rs 500-525 per share to Rs 400-450 per share and extend the closing date by five days to August 8. The company Read More...
Sobha Developers, a Bangalore-based real estate firm, has bought two acres of prime land in Bangalore for an undisclosed sum from the RBANM Trust, reports Business Standard. The property is located opposite Koshy`s restaurant and has access to three main Read More...
Puravankara Projects, a Bangalore-based real estate company, is in talks with global hotel majors including Accor and Marriott to set up hotels and serviced apartments in Bangalore, Chennai and Kochi. Details regarding the size of the deal are not known. Read More...