Indiabulls Real Estate announces its intention to buy-back its fully paid-up Equity Shares of face value Rs.2 each from the existing shareholder/beneficial owners of the Equity Shares of the Target Company through the open market.
When the CCI alleged that DLF misused its dominant market position and imposed unfair conditions on home-buyers of two of its many projects, the real estate fraternity, legal experts and others strongly questioned the basis of the CCI order.
The SAT on Tuesday, September 18, upheld an order passed by SEBI against two Sahara group companies and directed them to return money raised from the public in violation of securities regulations with an interest of 15%.
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.
The SAT on Tuesday, September 6, rejected an application by an investor of Sahara Housing Investment Corp to become a party in the ongoing dispute between the Sahara group companies and the market regulator SEBI.
Dynamix Balwas (DB) Realty, the Mumbai-based realtor, has decided to buy upto 49 per cent stake in its hospitality arm, DB Hospitality Ltd, an unlisted arm where the promoters hold a majority stake.
After Sahara Group firms, another real estate company PACL seems to have violated SEBI regulations.
India’s capital market regulator SEBI on Thursday directed two Sahara group firms to immediately refund the money collected through sales of optionally fully convertible debentures with annual interest of 15%.
The Maharashtra Pollution Control Board issued a stop-work order to Indiabulls Real Estate for starting construction work on its Elphinstone Mills property at Lower Parel without environment clearance.
ICICI Ventures-backed Delta Corp has acquired 51 per cent stake in Daman Hospitality Pvt Ltd for Rs 50 crore in its second acquisition this year.