Housing Development and Infrastructure Ltd (HDIL) said on Thursday $ million (Rs crore) via qualified institutional placements (QIP). HDIL said it has raised $ million through sale of shares to qualified institutional investors. HDIL is planning to raise around Rs crore and Sobha Developers Rs crore through QIPs.
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My Saved Articles Sign in Sign up. According to a hril source, Sobha Developers too is looking at raising around Rs crore. Technicals Technical Chart Visualize Screener. Never miss a great news story! Your Reason has been Reported to the admin.
NIFTY 50 10, 2. Get instant notifications from Economic Times Allow Not now You can switch off notifications anytime using browser settings.
Now, Sobha, HDIL to go the QIP way
NIFTY 50 10, 2. Indiabulls rose by 3. Get instant notifications from Economic Times Allow Not now. Get instant notifications from Economic Times Allow Not now You can switch off notifications anytime using browser settings. It is believed that the company will announce this decision latest by June-end.
Choose your reason below and click on the Report button. The promoters of country’s second largest realty firm Unitech are also looking to raise their stake by about 10 per cent in the company by subscribing to warrants worth about Rs 1, crore over the next 18 months.
HDIL raises $ mn from QIP | Business News, The Indian Express
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Never miss a great news story! Find this comment offensive? Will be displayed Will not be displayed Will be displayed. Last month, it had raised Rs 1, crore via QIP to fund various projects and retire part of its Rs 8,crore debt. Reeling under acute cash crunch, a host of real estate companies are now resorting to QIP and preferential allotment of warrants to promoters to strengthen their cash balance. The company issued The real estate sector has been facing a liquidity crunch for some time now but the situation has improved post the election results and many industry players are encouraged by the response Indiabulls and Unitech have received.
Find this comment offensive? The promoter’s stake after the QIP has come down in both the cases. Fill in your details: Indiabulls Real Estate on Wednesday announced that it has raised Rs 2, To see your saved stories, click on link hightlighted in bold. Omaxe and Parsvnath rose by Meanwhile, real estate stocks have witnessed a healthy rise since Monday.
HDIL raises $250 million through QIP
Get instant notifications from Economic Times Allow Not now. Another big gainer in the realty sector was Orbitco which rose by Choose your reason below and click on the Report button.
Foul language Slanderous Inciting hatred against a certain community Others. Besides, the promoters of country’s largest realty firm DLF had last week sold 9.