Housing Development and Infrastructure Ltd (HDIL) said on Thursday $ million (Rs crore) via qualified institutional placements (QIP). HDIL said it has raised $ million through sale of shares to qualified institutional investors. HDIL is planning to raise around Rs crore and Sobha Developers Rs crore through QIPs.

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It is believed that Indiabulls will use the funding for its projects in Mumbai. This will alert our moderators to take action. My Saved Articles Sign in Sign up. This will alert our moderators to take action Name Reason for reporting: Get instant notifications from Economic Times Allow Not now. This will alert our moderators to take action Name Reason for reporting: Yesterday, Indiabulls Real Estate raised Rs 2, Liquidity at least looks better now and some companies are considering the QIP route,” said a Mumbai-based real estate consultant.

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HDIL raises $ mn from QIP | Business News, The Indian Express

ydil NIFTY 50 10, 2. Will be displayed Will not be displayed Will be displayed. Your Reason has been Reported to the admin. However, an industry source said Sobha is also considering other options to raise equity. Find this comment offensive?

The company issued To see your saved stories, click on link hightlighted in bold. The board on May 23 would consider proposal for fund raising through various means like QIP to Qualified Institutional Buyers, preferential allotment to the promoters and any such manner or way the board may deem fit,” HDIL said in a filing to the Bombay Stock Exchange.

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Hvil big gainer in the realty sector was Orbitco which rose by Choose your reason below and click on the Report button.

The real estate sector has been facing a liquidity crunch for some time now but the situation has improved post the election results and many industry players are encouraged by the response Indiabulls and Unitech have received.

Omaxe and Parsvnath rose by Last month, it had raised Rs 1, crore via QIP to fund various projects and retire part of its Rs 8,crore debt. It is believed that the company will announce this decision latest by June-end. My Saved Articles Sign in Sign up. Foul language Slanderous Inciting hatred against a certain community Others. Fill in your details: Foul language Slanderous Inciting hatred against qil certain community Others.

HDIL to raise funds via QIP, pref allotment to promoters

Get instant notifications from Economic Times Allow Not now You can switch off notifications anytime using browser settings. Get instant notifications from Economic Times Allow Not now You can switch off notifications anytime using browser settings. Technicals Technical Chart Visualize Screener. Choose your reason below and click on the Report button. Find this comment offensive?

Drag according to your convenience. The promoter’s stake after the QIP has come down in both the cases.

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Fill in your details: According to a market source, Sobha Developers too is looking at raising around Rs crore. Meanwhile, real estate stocks have witnessed a healthy rise since Monday.

Drag according to your convenience. Following the success of Unitech and Indiabulls in raising funds through qualified institutional placements QIPsat least two other real estate players are taking the same route, with plans to raise Rs 3, crore by June-end. NIFTY 50 10, 2. Will be displayed Will not be displayed Will be displayed. Indiabulls Real Estate on Wednesday announced that it has raised Rs hdi, Get instant notifications from Economic Times Allow Not now.

Indiabulls rose by 3. To see your saved stories, click on link hightlighted in bold. Never miss a great news story! Technicals Technical Chart Visualize Screener.

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The promoters of country’s second largest realty firm Unitech are qp looking to raise their stake by about 10 per cent in the company by subscribing to warrants worth about Rs 1, crore over the next 18 months. Besides, the promoters of country’s largest realty firm DLF had last week sold 9. This will alert our moderators to take action.