D B Realty Raises Rs 3.01 Bn by Selling 2.91% Stake

30 Nov 2023 CW Team

DB Realty has successfully raised Rs 3.01 billion through a strategic financial manoeuvre, selling a 2.91 per cent stake in the company. This move is part of the real estate firm's efforts to bolster its financial position and fund ongoing projects.

The stake sale, valued at Rs 3.01 billion, demonstrates D B Realty's commitment to financial prudence and strategic decision-making. The capital infusion is expected to provide the company with the necessary financial resources to navigate the dynamic real estate market and progress with its existing projects.

The funds raised through the stake sale are likely to be directed towards project development, debt reduction, and other financial requirements, contributing to the overall financial health of DB Realty. This move aligns with the company's broader strategy to optimise its capital structure and enhance operational capabilities.

The successful stake sale indicates a positive market response to DB Realty's financial initiatives. It reflects investor confidence in the company's prospects and management decisions, positioning it strategically in the competitive real estate landscape.

As DB Realty secures Rs 3.01 billion through the stake sale, the financial infusion is expected to play a crucial role in advancing the company's growth agenda and meeting its financial obligations. The strategic move positions DB Realty to navigate market dynamics effectively, reinforcing its commitment to sustained growth and value creation for stakeholders.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..