SEBI
Azure Capital, a private equity name in the market manages India Realty Fund-I ( IRF-I), and the private player now has announced profit distribution for the second time, which it has earned by scope of Fund May 18, says a source. Fund May 18 has five percent of its income distributed too, this would be [...] Continue Reading »
The protest took place at the PACL India Ltd office. The investors in various schemes of the company complained that the cheque issued by them bounced. The company is a real estate investment company. The police explained that the company asks investors to invest in barren land for a specific period of time. The investors [...] Continue Reading »
Subrata Roy has been in Delhi’s Tihar Jail since March 4, has withdrawn proposal for modifying his bail conditions. Sahara had earlier last week, expressed its inability to pay Rs. 5,000 upfront for bail but proposed to pay Rs. 2,500 upfront and Rs. 2,500 three weeks after Subrata’s release. On March 26, the Supreme Court [...] Continue Reading »
If you are looking to purchase commercial space than, this good time to look at commercial spaces which are on top in most markets. After the financial crisis of 2008, prices in markets such as Mumbai plunge 30 percent. Currently the demand is increasing little up and the economy reviving because of which investors can [...] Continue Reading »
GMR Energy filed draft red-herring prospectus (DRHP) with SEBI to raise about Rs 1,450 crore by tapping primary markets.GMR Infrastructure has interests in airports, power, roads and EPC businesses. Mr. Madhu Terdal, group CFO of GMR Infra, says that the company has filed the prospectus as a security step and the SEBI approvals are likely [...] Continue Reading »
Ecogreen Real Estate has been banned from mobilizing funds from public investors as well as from launch any new scheme. It was noted by SEBI that Uttar Pradesh based company was inviting applications to book plots of residential/commercial land under ‘Land-Linked – One Time Payment Plan’ scheme. The plan seems to be unauthorized ‘Collective Investment [...] Continue Reading »
The Sahara group made fresh proposal before the SC for refunding Rs20, 000 crore to investors to make sure the release of its chief Subrata Roy who has been in jail with company’s 2 directors since 4 March. In the proposal, the Sahara group gives the surety to deposit Rs2,500 crore within three working days [...] Continue Reading »
Fund collected by Indian companies through retail issues of non-convertible debentures has increased over two times during current financial year. A collective amount of Rs 16,982 crore was gathered by 15 firms through their NCDs in the entire 2012-13 fiscal. NCDs are loan-linked bonds which are issued by a company that cannot be changed in [...] Continue Reading »
The country’s largest car maker company, Maruti Suzuki India Ltd, plans to buy real estate for dealers in India and constructing factories for its Japanese parent Suzuki Motor Corp. In growing markets like Latin America and Africa—moves that are likely to shock its investors. The two people familiar with the development say that the company, in [...] Continue Reading »
Through a newly formed category named as alternative investment funds (AIF), HDFC Mutual Fund plans to raise up to Rs1,500 crore for real estate. The asset management company will raise the money through a new division that is expected to be called HDFC AIF, according to two persons who are familiar with the matter. An [...] Continue Reading »
