Tag: Promoters

Investors ask Satyam to call off acquisitions

December 18, 2008 – 2:04 am

India’s fourth-largest IT services provider Satyam Computer Services was forced to reverse yesterday’s decision to diversify into real estate and infrastructure following strong shareholder protests that saw its stock price fall 30% on BSE.
Satyam had proposed to acquire Maytas Properties and Maytas Infra, companies controlled and run by the promoter family, for $1.6 billion (around [...]

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Sahara Prime City to raise Rs 2000 crore to build townships

November 20, 2008 – 1:28 am

Realty firm Sahara Prime City said it would raise Rs 2,000 crore in the next 12-18 months to part fund development of 217 integrated townships across the country.
The company, which is planing to invest the amount in the first phase of the plan that will see development of 102 townships, is looking at both debt [...]

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Omaxe promoter buys out co’s stake

November 6, 2008 – 1:20 am

Real estate prices are unlikely to see the heady levels of late 2007 and early 2008, anytime soon. That could make clear why more promoters are getting serious about tapping opportunities in the affordable housing.
On Tuesday, Rohtas Goel, chairman of Delhi-based real estate company, Omaxe, bought out the company’s 51% stake in National Affordable Housing [...]

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