Landmark Special Opportunities Company and Landmark Real Estate Fund are acquiring a 60% stake in Forum Ventures for nearly Rs 100 crore, amid a challenging market.
Indiabulls Real Estate has received approval for the amalgamation of Indiabulls Power Services (IPSL) with Sophia Power. The company will be allotted equity shares in Sophia based on a predetermined share exchange ratio.
Indiabulls Real Estate will raise $500 million from Qualified Institutional Buyers by issuing equity shares or convertible debentures. The decision, approved by shareholders, comes as the company's shares closed down 3.7% on BSE.
Merrill Lynch Capital Markets increases its stake in Ansal Properties to nearly 6% by acquiring 1.03% through the secondary market, amid significant investment plans.
Godrej Properties has filed for an IPO with SEBI, proposing to offer approximately 9.4 million equity shares to support its real estate development plans.
Omaxe reported a consolidated net profit of ₹495 crore for FY 2007-08, a significant increase from the previous year, alongside a 60.26% revenue rise.