Tag: Retail Investors

Embassy Firm Plan To Raise Funds

Photo by raman..exploring myself..A Real Estate firm Embassy Developers is expected to generate over 513 million US Dollars as said by their Prospectus which was filed today. This will be done through an initial public offering of shares. The draft is available on the Edelweiss website. The lead running managers for the issue are Nomura, […]

REMFs Having Problem Due To Unclear Tax Rule

At a time when the real estate sector is hard-pressed for funds, the real estate mutual funds (REMFs) are yet to take off, in spite of being granted permission 3 months ago. This is due to unclear rules about their tax treatment. REMFs, which were touted as key instrument enabling retail investors to take part […]

Indiabulls Extend The Closing Date Of The Issue By A Day

Laxmi Mittal-backed Indiabulls Real Estate managed to raise $259 million on the Singapore Stock Exchange, a day after the scheduled closing of its REIT’s issue, Indiabulls Properties Investment Trust. India’s fourth largest real estate developer sold 353 million shares at $1 per unit, out of which Lakshmi Mittal had committed 91 million shares. The sale […]

REIT Road Cracks For Realtors

MUMBAI: It’s second-time unlucky for Indian realtors hoping to garner some desperately needed cash by floating their real estate investment trusts in Singapore. On 5th june, Indiabulls Real Estate said its plans to float a Reit to mop up $286 million is being extended. Analysts said this was due to very poor response from retail […]

Adidas Will Expand Business In India In 2008

Sports brand Adidas has pronounced strategy to add One hundred twenty five franchise outlets to its India retail network in 2008. As said by Andreas Gellner, managing director at Adidas India Marketing, the count is set to rise to four hundred fifty by the end of the year, from the existing count of three hundred […]

ING Unit Launches Asian Real Estate Fund In Hong Kong

HONG KONG ING Group NV’s asset management unit Monday launched a fresh Asia real estate fund in Hong Kong that invests in listed real estate securities across the region. Most of the portfolio will be invested in real estate companies and real estate investment trusts, ING said. The fund is at first being offered only […]

Reliance IPO Gets A Major Start

Jan 15’ 08, Mumbai. Reliance Power’s mega Initial Public Offering (IPO) worth Rs 11,700 crore was fully subscribed within minutes of the start of book building process. In fact, it was oversubscribed. It has received bids five times more than expectations. According to the market analysers, Reliance IPO will start with a busy period of […]