Non banking financial company
Real estate firm VGN Developers Pvt. Ltd is looking to raise Rs.400 crore from private equity funds to refinance debts. Two bankers familiar with the development mentioned that they are in talks with large private equity funds to raise the capital. The re-financing option is good for them as the money will be used to retire [...] Continue Reading »
The entire country, the industry heads, the infrastructure and real estate industries has a lot of expectations from the maiden budget of the NDA government which is expected to set the roadmap for growth and economy in the nation. Hemant Kanoria, Chairman and Managing Director of Srei Infrastructure Finance Ltd urged the Prime Minister Narendra Modi-led [...] Continue Reading »
Expecting a growth in the real estate sector, the banks continue to lend aggressively to the commercial real estate and the NBFC (Non-banking financial company) sector. According to the sectoral bank credit data released by RBI, the banks have slowed down on unsecured credit like credit cards, personal loans etc. as the security is low [...] Continue Reading »
The DFL Infrastructure Finance has been prohibited from selling or transferring its properties as well as transacting in other business activities without approval from the Reserve Bank due to irregularities in the findings of the company’s books and accounts checked last year. The company says that they are not allowed to sell, transfer, create charge [...] Continue Reading »
A major venture has been witnessed in recent times. Century Real Estate Holdings, a branch of Century Group has gained a revenue of Rs 100 crore from non banking financial company (NBFC) of JM Financial Ltd. The real estate group is based in Bangalore and the capital will be used for development of three land [...] Continue Reading »
