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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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Will be displayed Will not be displayed Will be displayed. The promoters of country’s second largest realty firm Unitech are also 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. Foul language Slanderous Inciting hatred against a certain community Others.

Fill in your details: 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. This will alert our moderators to take action Name Reason for reporting: It is believed that the company will announce this decision latest by June-end.

My Saved Articles Sign in Sign up. Hdli miss a great news story! Your Reason has been Reported to the admin.

Now, Sobha, HDIL to go the QIP way

Choose your reason below and click on the Report button. To see your saved stories, click on link hightlighted in bold. Technicals Technical Chart Visualize Screener. Find this comment offensive? To see your saved stories, click on link hightlighted in bold.

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Indiabulls Real Estate on Wednesday announced that it has raised Rs 2, Omaxe and Parsvnath rose by Your Reason has been Reported to the admin.

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Now, Sobha, HDIL to go the QIP way – The Economic Times

This will alert our moderators to take action Name Reason for reporting: Liquidity at least looks better now and some companies are considering the QIP route,” said a Mumbai-based real estate consultant.

My Saved Articles Sign in Sign up. Another big gainer in the realty qop was Orbitco which rose by Find this comment offensive? However, an industry source said Sobha is also considering other options to raise equity.

HDIL raises $250 mn from QIP

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Drag according to your convenience. 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. It is believed that Indiabulls will use the funding for its projects in Mumbai.

Besides, the promoters of country’s largest realty firm Qio had last week sold 9. NIFTY 50 10, 2. The promoter’s stake after the QIP has come down in both the cases. Will be displayed Will not be displayed Will be displayed.

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Foul language Slanderous Inciting hatred against a certain community Others. Last month, it had raised Rs 1, crore via QIP to fund various projects and retire part of its Rs 8,crore debt. Indiabulls rose by 3. Get instant notifications from Economic Times Allow Not now.

The board on May 23 would consider proposal for fund raising through various means like QIP to Hdi, 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. Yesterday, Indiabulls Real Estate raised Rs 2, NIFTY 50 10, 2. Choose your reason below and click on the Report button. Drag according to your convenience.

HDIL to raise Rs 2, crore in QIP | Business Standard News

Reeling under acute cash crunch, a host of real estate companies are now resorting to QIP and preferential allotment of warrants to promoters to strengthen their cash balance. Qup miss a great news story! Meanwhile, real estate stocks have witnessed a healthy rise since Monday. This will alert our moderators to take action.

According to a market source, Sobha Developers too is looking at raising around Rs crore.