Property News from IndianRealtyNews |  |
| Bangalore Based Embassy Property Developer to Raise 2400cr through IPO Posted: 12 Nov 2010 10:54 PM PST Bangalore-based real estate developer Embassy Property Developments (EPD) today said it will raise Rs 2,400 crore through an initial public offer. “The company filed the draft red herring prospectus with the market regulator SEBI in July this year, and is now awaiting a nod,” Embassy Property Development (EPD) Managing Director Jitu Virwani told reporters. We [...] |
| Posted: 12 Nov 2010 10:49 PM PST Credit Suisse on Friday downgraded India’s DLF to underperform from neutral, citing continued weak operating performance in the September quarter. On Wednesday, the country’s top-listed real estate firm reported quarterly net profit fell 5 percent from a year earlier due to increases in land and construction costs. DLF shares had dropped 4.4 percent on Thursday, [...] |
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