Shares of Emami Group Companies – Zandu Realty (up 20% at Rs 1,491) and Emami Infrastructure (up 5% at Rs 155) – are locked in their respective upper limit of circuit filter after their boards approved...
Tata Realty, StanChart PE JV buys Thane-Belapur land for Rs325 crore
In the biggest land deal in the year so far, a joint venture of Tata Realty and Infrastructure Ltd (TRIL) and Standard Chartered Private Equity has acquired a 47.5-acre plot at the Thane-Belapur industrial area close to...
Indiabulls Real Estate acquires 10% stake in subsidiary IIL for Rs358 crore
Realty firm Indiabulls Real Estate Ltd on Wednesday said that it has acquired the entire minority stake of 10.08% in Indiabulls Infraestate Ltd (IIL), a subsidiary of the company, from ILFS Fund entities for Rs358.4...
Berkshire bulks up in real estate with Store Capital stake
Berkshire Hathaway Inc (BRKa.N) has taken a nearly 10 percent stake in the real estate investment trust Store Capital Corp (STOR.N), adding to bets in the sector by the conglomerate controlled by billionaire Warren...
Indiabulls Real Estate falls 18% on stake sale by promoter group trust
Indiabulls Real Estate slipped 18.5% to Rs 173 on BSE in intra-day trade on the back of heavy volumes after the company said that its promoter group entity IBREL IBL Scheme Trust sold 33 million shares of the company...
Adani Capital invests Rs 50 cr in PRA Realty’s project in Pune
Adani Capital, the NBFC arm of the Adani Group, will invest Rs 50 crore in PRA Realty’s project in Pune. “Adani Capital has partnered with PRA Realty to provide capital for its project in Pune,” the...
Japan Post to drop talks to buy Nomura Real Estate: Nikkei
Japan Post Holdings Co (6178.T) will probably scrap talks to buy Nomura Real Estate Holdings Inc (3231.T) as the two companies struggle to agree on the terms, the Nikkei business daily reported on Saturday. The...
Ascendas, Firstspace to form joint venture
Singapore-based property investor and developer Ascendas-Singbridge Group is setting up a joint venture (JV) with industrial properties developer Firstspace Realty for building logistics and industrial facilities in the...
SeaWorld’s Chinese investor in talks to buy Brookdale Senior Living – sources
Zhonghong Zhuoye Group Co Ltd, the Chinese real estate and leisure group which last month bought a stake in SeaWorld Entertainment Inc (SEAS.N), is in talks to acquire Brookdale Senior Living Inc (BKD.N), people...
Mahagun raises Rs325 crore from Piramal Finance for Delhi NCR projects
Piramal Finance Ltd, a subsidiary of Piramal Enterprises Ltd, has lent Rs325 crore to Noida-based realty firm Mahagun Group to refinance existing debt and as construction finance, top officials of the company have said...
Blackstone partner firms raise Rs 1,475 crore in separate deals
Embassy group of Bengaluru and Pune-based Panchshil Realty, the two partner companies of US-based private equity investor Blackstone, have raised funds worthRs 1,450 crore in separate deals. Embassy group has raised Rs...
Godrej family office to buy group realty fund business
The Godrej family office is taking over the fund management company set up last year by Godrej Properties. A source in the know said the group, led by Adi Godrej, wanted it to operate as a full-fledged fund management...
