Tag: Stake

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 […]

IL&FS Increase Investments In Realty Sector

Photo by Photos8.comIL&FS private equity is planning to increase its investment in infrastructure and Real Estate sector by the end of FY10. They announced to increase their investment from 660 million US dollars to 1 billion US dollars in the infrastructure sector. In the realty sector they already have investments of 1.6 billion US dollars. […]

Unitech plans to merge all its telecom arms

Real estate company Unitech is planning to merge all its eight telecom subsidiaries to consolidate and better manage the telecom business. Each subsidiary typically has licences for three to four circles and together, they cover all 22 telecom circles in the country. “We do not intend to form a holding company for our telecom venture, […]

Omaxe promoter buys out co’s stake

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 […]

Stagnation In Chadigarh Real Estate

Chandigarh real estate is witnessing testing times. On one hand, there are more investments pouring in the segment and on the other side property buyers and sellers are not very enthusiastic about property transactions.

Emaar Properties To Inject $150 Million In India

Emaar Properties, the leading real estate company in the Middle East, is set to inject $150 million for a 20-25 % stake each in three real estate developments in India. According to Company spokesperson Emaar and MGF Developments of India set up a joint venture in 2005 called Emaar MGF, which presently accounts for India’s […]

Benson Elliot buys 70% of Spanish developer

LONDON: Private equity real estate firm Benson Elliot Capital Management has bought a 70% stake in Spanish developer Promobuilding SL in a bid to cash in on distressed house building projects in Spain’s faltering economy. The acquisition, which has been accomplished via a recapitalization and subscription for new shares, is predicted to provide privately owned […]

Farallon, LNM Will Invest Rs 1,580 crore

Indiabulls Real Estate has entered into an agreement with FIM and LNM India Internet Ventures, who will mutually invest Rs 1,580 crore. FIM is a foreign venture capital investor managed by Farallon Capital Management LLC and LNM India Internet Ventures is an investment body of LN Mittal group. The investment will be by way of […]