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NCLAT upholds project-specific insolvency action for realty firms
Homebuyers' insolvency cases against real estate firms will now be limited to the specific project facing default. The National Company Law Appellate Tribunal has ruled that extending these proceedings to other projects of the company is not beneficial for homebuyers or other stakeholders. This decision ensures that unrelated projects are protected.
NCLAT reaffirms project-specific insolvency proceedings against realty firms
The National Company Law Appellate Tribunal has ruled that homebuyers' insolvency cases against real estate firms must focus only on the project with the default. This decision prevents unrelated projects from being affected. The tribunal emphasized that this approach protects the interests of homebuyers and stakeholders in other developments.
Larsen & Toubro arm acquires International Green Scapes for Rs 1,123-cr
Larsen & Toubro said its real estate arm, L&T Realty Properties, has acquired a 100% stake in International Green Scapes for Rs 1,123 crore in an all-cash deal, as it looks to expand its residential portfolio in Gurugram.
L&T realty arm to acquire International Green Scapes for ₹1,123 cr
L&T Realty Properties Ltd., a subsidiary of Larsen & Toubro, will acquire 100% stake in International Green Scapes Ltd for ₹1,123 crore. The acquisition will help the company leverage IGSL’s land parcel in Gurugram to expand its real estate development portfolio. Shares of Larsen & Toubro ended higher on Friday, April 10, by 1.63% at ₹3,959.90 on the NSE.
IT steady despite muted TCS growth; realty, metals, Shriram Finance offer opportunities: Khemka
Siddhartha Khemka of Motilal Oswal says IT may remain range-bound as weak growth offsets stable TCS margins, with AI gains largely passed on to clients. Still, valuations are turning attractive for long-term investors. He sees emerging opportunities in real estate after the correction, remains positive on metals as a structural demand play, and prefers Shriram Finance in financials following its recent dip. Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
Aditya Birla Real Estate announces early repayment of ₹250 crore NCDs
Aditya Birla Real Estate will redeem ₹250 crore worth of 8.05% non-convertible debentures early by exercising a call option, with May 4 set as the redemption date. Shares of Aditya Birla Real Estate Ltd ended lower on Thursday, April 9, by 2.07% at ₹1,289.40 on the NSE.
Phoenix Mills offers a cheaper retail proxy. Real estate is the risk
Strong mall consumption has pushed the stock higher, but a sharp fall in residential pre-sales highlights the risks from its real estate business.
KEC International shares surge 9% after securing orders worth Rs 2,518 crore
KEC International shares rose sharply on Thursday after the company won Rs 2,518 crore in new orders across civil, transportation and T&D businesses. The newly secured contracts span multiple segments, reinforcing its presence in both domestic and international markets. A standout highlight came from its civil business, which bagged its largest-ever commercial real estate order from a prominent developer in Western India.
ITC Hotels shares in focus after marquee investor GQG sells Rs 197-crore stake. What lies ahead?
ITC Hotels shares are under scrutiny after GQG Partners sold a partial stake worth Rs 197 crore. Despite a 22% dip this year, driven by geopolitical tensions, the company's core hotel business shows growth in occupancy and pricing. Brokerages remain bullish, anticipating expansion and real estate revenue boosts, suggesting the recent stock fall is an overreaction.
Aditya Birla Capital among 6 midcap stocks flash bullish signals, indicating possible uptrend
On April 8, six NSE midcap stocks, including Aditya Birla Capital, formed White Marubozu bullish candlestick patterns, signaling strong buying pressure and a potential uptrend, highlighting trader optimism for continued price momentum.
Info Edge shares decline 3% on Q4 business update, billings up 7% to Rs 1,057 crore
Info Edge share price dipped 3% after reporting a 7.45% rise in Q4 billings to Rs 1,057.1 crore. While recruitment and matrimony segments showed growth, real estate saw a modest increase. The education vertical, Shiksha, faced a 13% decline due to AI's impact on search referrals. The company is adapting its strategies for future growth.
KEC Intl bags ₹2,518-cr orders across civil, T&D, transportation, cables segments
In the civil segment, the company secured its largest commercial real estate order from a leading developer in western India. Shares of KEC International Ltd ended at ₹567.95, up by ₹36.40, or 6.85%, on the BSE.