Business Standard

Indiabulls

Colombia's president signs bill to ban bullfighting in the country by 2027

Colombian President Gustavo Petro on Monday signed a bill that bans bullfights in the South American country, further reducing the short list of nations around the world where the centuries-old tradition is still legal. Petro signed it in front of hundreds of animal rights activists during a ceremony held in Bogota's bullring, after a supporter in a bull costume handed him a copy of the legislation. We cannot tell the world that killing living and sentient beings for entertainment is culture, Petro said in a speech after signing the bill. That kind of culture of killing an animal for entertainment would also lead us to killing human beings for entertainment, because we are also animals. The bullfighting ban was approved by Colombia's Congress in May, after months of heated debates. The bill calls on the government to completely ban bullfights across the nation by 2027, and orders the government to turn more than a dozen bullrings into cultural and sporting venues. Bullfights have

Colombia's president signs bill to ban bullfighting in the country by 2027
Updated On : 23 Jul 2024 | 9:07 AM IST

IBREL hits 52-week high after 7.9 mn shares change hands in large deals

Shares of Indiabull Real Estate (IBREL) surged up to 5.1 per cent, hitting its 52-week high at Rs 162.9 per share on the NSE in Friday's early morning trade

IBREL hits 52-week high after 7.9 mn shares change hands in large deals
Updated On : 21 Jun 2024 | 11:12 AM IST

Indiabulls Real Estate to raise Rs 3,911 cr from Blackstone Group, others

Indiabulls Real Estate said its board has approved raising Rs 3,911 crore through the issuance of shares and warrants to investors, including the Blackstone Group and Embassy Group. Global investment firm Blackstone will invest Rs 1,235 crore, while the Bengaluru-based Embassy Group will infuse Rs 1,160 crore. After the conversion of the warrants, the Embassy Group will hold 18.7 per cent while Blackstone will own 12.4 per cent. In a regulatory filing on Friday, IBREL (Indiabulls Real Estate Ltd.) informed that the board has approved "fund-raise via preferential issue of equity shares and convertible warrants, on a private placement basis, for cash consideration, aggregating to approx. Rs 3,910.93 crore". The move is aimed at recapitalising its balance sheet and positioning the company for organic and inorganic growth purposes. These include capital expenditure for the completion of existing projects and new launches as well as proposed acquisitions, other working capital requirem

Indiabulls Real Estate to raise Rs 3,911 cr from Blackstone Group, others
Updated On : 06 Apr 2024 | 11:45 AM IST

Indiabulls Real Estate to raise Rs 3,911 Cr through issuance of shares

Indiabulls Real Estate on Friday said the board has approved raising Rs 3,911 crore through the issuance of shares and warrants to investors, including the Blackstone Group and the Embassy Group. Global investment firm Blackstone will invest Rs 1,235 crore, while the Bengaluru-based Embassy Group will infuse Rs 1,160 crore. After the conversion of the warrants, the Embassy Group will hold 18.7 per cent while Blackstone will hold 12.4 per cent. In a regulatory filing, IBREL has informed that the board has approved "fund-raise via preferential issue of equity shares and convertible warrants, on a private placement basis, for cash consideration, aggregating to approx. Rs 3,910.93 crore". The move is aimed at recapitalising its balance sheet and positioning the company for organic and inorganic growth purposes. These include capital expenditure for the completion of existing projects and new launches as well as proposed acquisitions, other working capital requirements and general ...

Indiabulls Real Estate to raise Rs 3,911 Cr through issuance of shares
Updated On : 06 Apr 2024 | 6:59 AM IST

Indiabulls Housing's Rs 3,693 crore rights issue to open on February 7

Indiabulls Housing Finance on Friday said its Rs 3,693 crore rights issue will be open from February 7-13. The issue consists of 24,62,26,515 partly paid-up equity shares for an amount aggregating to Rs 3,693.39 crore. The issue price is fixed at Rs 150 per share, having a face value of Rs 2, meaning the issue comes at a premium of Rs 148 per share, the company said in a statement. Of the total proceeds from the issue, Rs 273.4 crore will used to augment the capital base and Rs 83.99 crore will be utilised for general corporate purposes. A participating shareholder will get one equity share for every two shares she/he owns as of February 1, 2024 (the record date), the statement said, adding that the last date for credit of rights entitlements is February 6 and the last date for renunciation rights is February 8, which means the rights entitlements can be bought and sold on February 7 and 8. Indiabulls Housing pre-dominantly offers housing loans and loans against property to salari

Indiabulls Housing's Rs 3,693 crore rights issue to open on February 7
Updated On : 02 Feb 2024 | 10:56 PM IST

Indiabulls Real Estate sale bookings down 75% to Rs 74 cr in June quarter

Indiabulls Real Estate Ltd's (IBREL) sale bookings fell 75 per cent to Rs 74 crore in the first quarter of this fiscal. Its sale bookings stood at Rs 297 crore in the year-ago period, according to an investor presentation. In terms of volumes, the company's sale bookings fell to 82,000 square feet during April-June period of this fiscal from 3,33,000 square feet in the corresponding period of the previous year. IBREL has reported a consolidated net loss of Rs 679.34 crore for the first quarter of this fiscal year, widening from a loss of Rs 51.77 crore in the year-ago period. The company's loss widened due to provisions for possible loss of Rs 629 crore as an exceptional item. Total income however increased to Rs 209 crore during April-June from Rs 164.19 crore in the corresponding period of the previous year. "Exceptional item for the quarter ended 30 June 2023 includes impairment provision of Rs 629.07 crore shown as recoverable in one of the foreign subsidiaries of the compan

Indiabulls Real Estate sale bookings down 75% to Rs 74 cr in June quarter
Updated On : 12 Aug 2023 | 5:17 PM IST

Indiabulls Housing Finance Q4 results: Net profit falls 14% to Rs 263 crore

The company's consolidated revenue from operation fell by 5.2 per cent to Rs 2,075 crore for the March quarter

Indiabulls Housing Finance Q4 results: Net profit falls 14% to Rs 263 crore
Updated On : 22 May 2023 | 4:56 PM IST

Nam Estates-Embassy One merger faces delay, says Indiabulls Real Estate

The company's market valuation fell Rs 748.59 crore to Rs 2,997.63 crore

Nam Estates-Embassy One merger faces delay, says Indiabulls Real Estate
Updated On : 09 May 2023 | 5:10 PM IST

Indiabulls Real Estate posts Q3 net loss of Rs 236.77 crore on lower income

Indiabulls Real Estate Ltd (IBREAL) has posted a consolidated net loss of Rs 236.77 crore for the third quarter of this fiscal year on a lower income. Its net loss stood at Rs 87.04 crore in the year-ago period, according to a regulatory filing. Total income also fell to Rs 148.47 crore in the third quarter of this fiscal year from Rs 355.59 crore in the corresponding period of the previous year. During the April-December period of 2022-23 fiscal, the company's net loss stood at Rs 231.81 crore as against a net loss of Rs 76.53 crore in the year-ago period. Total income fell to Rs 515.55 crore in the first nine months of this fiscal from Rs 1,268.87 crore in the year-ago period, the Mumbai-based firm said.

Indiabulls Real Estate posts Q3 net loss of Rs 236.77 crore on lower income
Updated On : 11 Feb 2023 | 4:46 PM IST

Power shift: Rajiv Rattan's makeover mode after Indiabulls separation

Rajiv Rattan is putting his past behind him and venturing into newer businesses such as retail, drones and EV manufacturing

Power shift: Rajiv Rattan's makeover mode after Indiabulls separation
Updated On : 06 Jan 2023 | 12:30 AM IST

Indiabulls Finance Q2 consolidated net up marginally to Rs 289.4 cr

Impairments on financial instruments double YoY; income from operations almost flat at Rs 2,229.7 cr

Indiabulls Finance Q2 consolidated net up marginally to Rs 289.4 cr
Updated On : 14 Nov 2022 | 7:04 PM IST

Indiabulls Real Estate cuts its net debt by 54% to Rs 464 crore

In the investor presentation IBREL said its net debt stood at Rs 464 crore at the end of June quarter, as against Rs 1,005 crore as on March 31, 2022

Indiabulls Real Estate cuts its net debt by 54% to Rs 464 crore
Updated On : 16 Aug 2022 | 12:47 AM IST

Indiabulls Real Estate guilty of profiteering, to refund homebuyers: NAA

NAA has found Indiabulls Real Estate guilty of not passing on over Rs 6.46 crore input tax credit benefits to homebuyers by commensurate reduction in prices post rollout of GST

Indiabulls Real Estate guilty of profiteering, to refund homebuyers: NAA
Updated On : 29 Jun 2022 | 1:00 AM IST

Indiabulls Real Estate posts Rs 60 crore net loss in January-March quarter

The company had posted a net profit of Rs 94.41 crore in the year-ago period

Indiabulls Real Estate posts Rs 60 crore net loss in January-March quarter
Updated On : 27 May 2022 | 9:12 PM IST

Bombay HC quashes magisterial court order against Indiabulls, promoters

Earlier in February, the ED had conducted raids in Delhi and Mumbai at the premises of Indiabulls and its promoters. The ED had also written to the National Stock Exchange (NSE) in this connection

Bombay HC quashes magisterial court order against Indiabulls, promoters
Updated On : 05 May 2022 | 8:15 AM IST

Bombay HC allows Indiabulls Housing Finance appeal to quash FI

'We believe that the lodgment of the complaint against the petitioners and continuity of the proceedings, is an abuse of process of law', the high court said in its judgement

Bombay HC allows Indiabulls Housing Finance appeal to quash FI
Updated On : 05 May 2022 | 2:13 AM IST

Indiabulls Real Estate to use Rs 865 cr QIP proceeds to buy land, pay debt

The Mumbai-based firm on March 7 had launched its QIP (Qualified Institutional Placement) issue and closed it on April 12

Indiabulls Real Estate to use Rs 865 cr QIP proceeds to buy land, pay debt
Updated On : 18 Apr 2022 | 3:38 PM IST

Indiabulls board approves fundraising plan of up to Rs 50,000 cr

Funds can be raised via NCDs on one or more tranches as private placement

Indiabulls board approves fundraising plan of up to Rs 50,000 cr
Updated On : 22 Mar 2022 | 7:20 PM IST

Loan fraud hits Indiabulls' fintech arm, fraudsters use PAN numbers

On Tuesday, many users took to social media to complain that their credit reports reflected loans taken by them from IVL Finance Ltd which later became Indiabulls Consumer Finance.

Loan fraud hits Indiabulls' fintech arm, fraudsters use PAN numbers
Updated On : 16 Feb 2022 | 11:13 AM IST

Dhani Services to launch Rs 300 crore public issue of bonds on Tuesday

The non-convertible debenture (NCD) issue has a base size of Rs 150 crore with an option to retain oversubscription of up to Rs 150 crore

Dhani Services to launch Rs 300 crore public issue of bonds on Tuesday
Updated On : 03 Jan 2022 | 8:43 PM IST