Gold
DB Realty to acquire stakes in 3 hotels for Rs 2,300 crore
D B Realty Raises Rs 3.01 Bn by Selling 2.91% Stake
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 throu..
DB Realty Sells Real Gem Buildtech Stake for INR 231.42 Crore
Leading real estate developer DB Realty has recently announced the sale of its entire stake in Real Gem Buildtech for a reported sum of approximately INR 231.42 crore. This move is seen as part of DB Realty's strategic divestment plan to optimize its investment portfolio and focus on core operations.
The sale of 100% stake in Real Gem Buildtech exemplifies DB Realty's commitment to streamlining its assets and maximizing returns for stakeholders. Real Gem Buildtech, a subsidiary of DB Realty, primarily engaged in the development of real estate projects, has now become entirely indepe..
DB Realty to Sell Shareholding in Siddhivinayak Realties to RCFL
Mumbai-based real estate developer, DB Realty, has announced its plans to sell its entire shareholding in Siddhivinayak Realties to Rashtriya Chemicals and Fertilizers Ltd (RCFL) for a total consideration of Rs 376.18 crore. The move is aimed at reducing DB Realty's debt and consolidating its operations.
The share purchase agreement between the two parties stipulates that RCFL will acquire 77.20% of the outstanding equity shares of Siddhivinayak Realties from DB Realty. This transaction will allow RCFL to strengthen its presence in the real estate sector and further diversify its por..
Residents Sceptical of Sahastradhara Road Widening
Residents in Dehradun have raised questions and expressed scepticism regarding the proposed widening project for Sahastradhara Road. The project, aimed at widening the road to accommodate increased traffic, has faced criticism and scrutiny from local residents concerned about its potential impact on the environment and surrounding areas.
The Sahastradhara Road widening project has sparked debate among residents, with some questioning the necessity and feasibility of the initiative. Critics argue that widening the road may lead to the loss of trees, green spaces, and heritage structures ..
Warburg Pincus Acquires Shriram Housing Finance
Warburg Pincus, a leading global private equity firm, has announced its acquisition of Shriram Housing Finance for an impressive sum of Rs 4,630 crore. This strategic move underscores Warburg Pincus' commitment to expanding its presence in the Indian financial sector and capitalizing on the growing demand for housing finance solutions in the country.
Shriram Housing Finance, a subsidiary of Shriram City Union Finance, has established itself as a key player in the affordable housing finance segment, catering to the needs of millions of aspiring homeowners across India. The acquisition b..
