Unitech shareholders block dividend payment resolution
The resolution for a dividend was blocked on Thursday, September 29, at the Annual General Meeting (AGM) of Unitech, the second-largest real estate firm in India.
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Lodha Developers to raise Rs.825 crore
Lodha Developers Ltd is raising Rs.825 crore to buy back debentures issued to Deutsche Bank. Analysts believe Lodha risks losing prime land in Mumbai if it doesn’t purchase the debentures.
Chennai office space demand may dip
The demand for office space in Chennai is expected to dip, with an expected slowdown in North American and European countries affecting the information technology sector.
Law ministry had supported its stand last year: Sahara
The Sahara group on Thursday, September 15, said the Law Ministry had last year taken a view that the Securities and Exchange Board of India (SEBI) did not have jurisdiction over unlisted firms.
Sahara had 2 crore investors in one firm
Sahara India Real Estate Corporation had garnered investments from over 2 crore investors through three separate securities, according to an affidavit the company filed on Wednesday, September 14.
Godrej Properties ties up with GIIS for setting up an education facility
Godrej Properties, the realty development arm of the Godrej Group, has tied-up with Global Indian International School (GIIS) for setting up an education facility at its Ahmedabad 330-acre township project.
SAT says listing must for issues with 50 or more investors
The Securities Appellate Tribunal (SAT) on Thursday, September 8, said if a company decides to raise money from 50 or more people, it must list the securities on a stock exchange to protect investors’ interests.
SAT asks Sahara to file an affidavit on capital collection
The Securities Appellate Tribunal (SAT) on Wednesday, September 7, asked Sahara to file an affidavit explaining the method by which entities of the group had raised thousands of crores of rupees from investors through convertible instruments.
CREDAI Bengal suggests 10 satellite townships in state
The Confederation of Real Estate Developers’ Association of India (CREDAI), Bengal has proposed 10 satellite townships to meet housing challenges caused due to rapid urbanization.
Parsvnath Q1 net dips 19%, to raise Rs 2,000 cr
Parsvnath has reported 19.04% fall in its consolidated net profit for the quarter ended June 30 at Rs 25.76 crore as it did not launch any new project.