Market regulator Securities and Exchange Board of India (Sebi) has cleared the indirect acquisition of Shriram Properties by the company’s Chairman and Managing Director Murali Malayappan. Malayappan owns 0.08% of smallcap company Shriram Properties, whose market capitalisation is at Rs 1,874 crore. Among other shareholders are Shriram Group Executives WelfareTrust (SGEWT) which has a 0.14% … Read more
Indian equities ended on a positive note on Thursday, despite weak global sentiment. The Nifty settled with a minor gain of 30 points at 19,465, while the Sensex added 137.5 points, ending at 65,539. Sectorally, the media, realty, and healthcare indices led, while the metal index ended with a decline of 0.94%. Investor sentiment has … Read more
New Delhi: A handful of Dalal Street debutants, listed at the bourses in the last two months of 2021, are likely to be in focus of Dalal Street in the remaining part of the ongoing calendar year. The mandatory lock of the pre-IPO investors in these 14 mainboard companies, which were listed in November-December 2021, … Read more
BANGALORE | MUMBAI: Realty developer Shriram Properties has filed its draft red herring prospectus (DRHP) with the capital market regulator Securities & Exchange Board of India for its maiden share sale issue worth Rs 800 crore. The Initial Public Offer (IPO) will include fresh issue of shares worth Rs 250 crore and an offer for … Read more
MUMBAI: At a time when most banks and non-bank lenders shy away from the real estate sector, the housing finance subsidiary of Life Insurance Corporation of India is going aggressive on developer financing. In the last few months, LIC Housing Finance has sanctioned more than Rs 600 crore to at least five developers including Shriram … Read more