The PIL was filed in 2019 by a Non Governmental Organisation (NGO) called Citizens Whistle Blower which is linked to lawyer Prashant Bhushan.
After the transaction, Capri Global Holdings’ stake in Indiabulls Housing Finance has declined to 3.08 per cent from 3.61 per cent.
Its sale bookings stood at Rs 297 crore in the year-ago period, according to an investor presentation.
The appeal was closed as Indiabulls and Vivek Infracon, the company for which Chandra had stood personal guarantee for a loan of Rs 170 crore from Indiabulls, settled their dispute
The Delhi High Court had quashed the ED probe against the company and held that no coercive action should be taken against Indiabulls.
Sunny Leone tagged Indiabulls Securities Limited (Dhani Stocks was Indiabulls Securities previously), and Indiabulls Home Loans in her tweet.
Users have complained that their PAN details were used by third parties to avail loans via Dhani
Indiabulls Housing Finance Ltd Vice-Chairman, Managing Director and CEO Gagan Banga on his active lifestyle, leadership style, and on navigating the new normal.
The agency said Muthoot Finance the third non-bank finance company it rates is better positioned because of its focus on the gold loans business.
Some of these properties will be auctioned if the former banker fails to pay his dues to Indiabulls within the next two months.
The Ministry of Corporate Affairs (MCA) found that the loans extended to ADAG, DLF, Amricorp had been repaid and those given to Vatika and Choridia were ‘standard accounts.’
Firm sells holdings in Gurugram, Mumbai to Blackstone, looks to offload rest soon.Balckstone’s property investments in India are set to cross the $6-bn mark this year.
In March 2018, Blackstone had acquired a 50 percent stake in IBREL’s commercial properties for Rs 4,750 crore.
The order is the culmination of a probe resulting from a massive income tax raid on Indiabulls in 2016.
The lender has slashed the starting price to Rs 667.9 crore after failing to attract bidders in its first attempt, which had a reserve price of Rs 746 crore
Jitu Virwani, CMD of Embassy Group, shared his views on transferring assets into an REIT. “Once we buy this 28 percent and take over the management that would be the next step. The assets – close to about 2.3 million, I don’t have the exact number.”
The stake sale was undertaken by Indiabulls to focus fully on its financial services as it seeks to merge with Lakshmi Vilas Bank.
Ripple effects of the DHFL-panic were also felt on other companies including non-banking financial company (NBFC) and mortgage lender Indiabulls Housing Finance.
The company has a saleable area of 28.5 million sq ft in these 14 projects and execution of these projects will generate a net surplus of Rs 17,191 crore after meeting the pending construction costs
The large cap fund will have a 'moderately high' risk profile instead of the current 'high' risk profile.
The promoter firm in-total disposed of 4.84 percent stake in Indiabulls Real Estate.
On the volume front, 463.98 lakh shares of the company were traded on BSE and over 8 crore shares changed hands at NSE during the day.
A Delhi court has issued a notice to Indiabulls Real Estate Ltd and its subsidiary firm Athena Infrastructural Ltd, on a criminal complaint seeking the lodging of an FIR against them for allegedly cheating R
Indiabulls Housing Finance, Indiabulls Real Estate, Indiabulls Ventures and Indiabulls Wholesale Services fell 5-10 percent intraday on Wednesday.
Findings reveal Indiabulls and Bharti Infratel are topping the list of operators on Dalal Street with most exposure.