Regulatorycontributing editor

Regulatory
Share issue proposal received by DLF
DLF have received shareholders proposal for issuing 17.30 crore shares by a public issue or by a private placement and company has also approved for raising the funds issue of debentures and share warrants to promoters. Company has already approved for raising Rs 1000 crore from Rs 500 crore and Competition Commission of India has already approved GIC’s proposed to acquire 33.34% stake in DLF cyber city developer for $1.39 billion.
Read more
Regulatory
Rs 5,000 crore to be invested in Hyderabad’s Real Estate by Piramal Capital
Piramal Capital has committed for the investment of more than Rs 5,000 Crore towards Hyderabad Real Estate Sector for the next two years and this commitment is passed by Khushru Jijina, the managing director of Piramal Finance Limited and Piramal Housing Finance Limited.   Recently, Piramal Capital has given the approval of over Rs 2,000 Crore towards the construction and the finance of (Loan against Property /Lease Rental Discounting-) in…
Read more
Regulatory
Crackdown on Benami Immovable Property
After the ban of high denomination currency notes in November 2016 by our PM Narendra Modi, the next breakdown is on the Benami Immovable property which is the action against corruption and an influence on a real estate market as well as the politics.   A law of Benami Transactions (Prohibition) Amendment Act, 2016 has been invented as it is mentioned in 1988 law and in 2016 about the seizure…
Read more
Regulatory
Approval of raising Rs 11,250 crore from the promoters by DLF
DLF has passed the approval of raising Rs 11,250 crore due to the issue related to the debentures and share warrants to promoters and 17.30 crore shares will be provided by the company through either a public issue or private placement.   37.97 Crore will be issued by DLF to the promoters by CCDs (Compulsory Convertible Unsecured Debentures) and these debentures with the coupon rate of 0.01% per annum will…
Read more
Regulatory
HDFC’s digital, realty units in all stock deal obtain by Quikr
HDFC will see all-stock deal which has a pickup of around 3.5% stake in Quikr for the two businesses and collectively has a value of about Rs 357 crore.   The deal with Quikr will have a value of Rs 10,000 crore or about $1.6 billion which as compared to $1 billion valuation it got when it was previously raised capital in 2015.   HDFC Red and HDFC Realty the…
Read more