Tag: Shareholders

Shapoorji Pallonji Group Focus Infrastructure

Photo by millerm217The multi million Shapoorji Pallonji Group, India’s one of the oldest and biggest industrial house, is putting major focus on “owned” infrastructure as far as the roads, ports and power are concerned. This has been done as the company approaches 150th year of operations. Mr. Shapoor Mistry, Group MD said during a function […]

Real Estate Invesment Trusts In Asia To Rise

The number of Real Estate Investment Trusts (REITs) in the Asian Continent is going to swell over the coming 3 to 4 yrs according to HSBC. It will be because of increasing call for investments in more risk disinclined properties. REITs invest in commercial properties mainly and pay rent collected from their properties to shareholders as dividend. This is […]

Investors ask Satyam to call off acquisitions

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 […]

DLF Ltd Is Planning To Raise Rs 10,000 Crore By The Next One Year

The largest real estate company by market share DLF Ltd is planning to raise Rs 10,000 crore over the next one year. The shareholders will pass an enabling resolution to this effect in the next annual general meeting which will be held on September 30. According to a DLF spokesperson, “This is a normal procedure […]