Stock exchange
The finance minister had outlined the tax treatment for real estate investment trusts (REITs) in his Budget speech. Sebi, the markets regulator, had proposed draft regulations, which have now been approved by the government. A REIT is to be set up as a business trust and its units are to be mandatorily listed on the [...] Continue Reading »
The Mumbai based Hiranandani Group has acquired Hirco Plc’s 368-acre Chennai project for Rs. 2,000 crore. Hirco Plc. is an investment firm. They raised £350 million (Rs. 3,500 crore) from global investors to fund Hiranandani Group’s Chennai and Panvel townships. The funds were used by Hiranandani Group to acquire 588 acres in Panvel and 368 [...] Continue Reading »
The issuance of unsecured redeemable non-convertible debentures by India Infoline Housing Finance Limited (IIFL), which is the housing finance subsidiary of IIFL Holdings Limited, has been oversubscribed 2.24 times of the base issue. As per the stock exchange data the total collection was Rs 224.5 crore which is 2.24 times of the base issue. The [...] Continue Reading »
The real estate developers in India have started facing infringement of their brand names established over the years due to the joining of their counterparts in the sectors like pharmaceuticals and consumer goods that are known to make serious efforts to promote and protect their brands. Recently the developers like Hiranandani, Orbit, Kalpataru and HCC [...] Continue Reading »
