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New Delhi, Nov 17 (PTI) Shares of IRB Infrastructure Developers on Monday climbed 4 per cent after the company bagged a package toll-operate and transfer (TOT) project from NHAI in Uttar Pradesh for Rs 9,270 crore. The company's stock rose 3.78 per cent to close at Rs 44.53 apiece on the BSE. On the NSE, it went up by 3.12 per cent to settle at Rs 44.30 per piece. In the intraday session, the scrip of the company jumped 7.04 per cent and 6.96 per cent to hit a high of Rs 45.93 and 45.95 per s ...Read More >
MUMBAI: The US-based private equity firm Blackstone is set to acquire nearly 10% stake in Federal Bank for Rs 6,196.5 crore. The Kerala-based bank's board approved the proposal on Friday, it now requires shareholder and regulatory clearances, including from RBI and Competition Commission of India. This is the latest instance where an Indian lender has tapped private capital through a large-ticket deal this year. The deal activity has driven debate on whether RBI is taking a more liberal view of ...Read More >
MUMBAI: The reclassification of real-estate investment trusts (REITs) as equity will make them eligible for inclusion in benchmark indices, drawing in mutual funds and institutional investors.Developers stand to benefit from lower financing costs and more diversified funding, while investors can diversify into real estate with opportunity for steady dividends and potential capital appreciation without the illiquidity of property. An REIT is an entity that owns income-generating real estate and l ...Read More >
Mumbai, Sep 12 (PTI) The Sebi board on Friday approved a slew of reforms and ease of doing business measures that will help IPO-bound large companies and low-risk foreign investors, among other segments. In a decision, which comes ahead of the mega initial public offerings (IPO) by NSE and Reliance Jio Infocomm, the Sebi board decided to recommend the government to amend the statutes governing minimum public offerings. Under the proposed framework, companies with a market capitalisation betwee ...Read More >
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