Tag: Stock Exchanges

Promoters stock up in fall season

The year 2008 may have been a forgettable one for equity investors, but it offered a golden opportunity to many promoters to raise their holdings at dirt cheap prices. Promoters have been on a stake-raising spree for most part of the year, primarily due to attractive valuations, and in some cases, as a desperate measure […]

DLF-Hilton JV hit by regulatory delays

The DLF-Hilton, the joint venture company formed between India’s largest real estate company and world’s largest hotel chain, has been hit by regulatory delays. The first project, The Hilton Garden Inn in New Delhi, which was supposed to have opened in December, is delayed due to local planning consents and license approval. However, Hilton Hotels […]

GTC set for Realty Business Separately

NEW DELHI:Cigarette manufacturer GTC Industries pronounced that its board of directors has considered and decided an in-principle approval to separate the tobacco and the real estate business into two different entities. The two entities would be listed separately on the stock exchanges in India. ET had initially reported plans of a separation of the real estate […]

Realty firms raise maximum through IPOs in 2007: Assocham

According to industry body Assocham Real estate companies mopped up a large amount amount through early public offers on stock exchanges during 2007.V. Dhoot president of Assocham chamber states that  although high interest rates, the real estate sector remained buoyant during 2007 primarily due to the well-built underlying demand, aggressive marketing, entry of fresh players […]