Db Realty

DB Realty Ltd on Wednesday said that its board has approved raising of funds through the issue of 5 crore warrants convertible into an equivalent number of equity shares with a face value of Rs 10 each to non-promoter investors on a preferential basis.

After 2G Case judgement, Unitech shares surged 11.86%, D B Realty closed higher by 19.89 per cent, RCom shares rose 4 per cent, while Sun TV rose 4.51%

DLF, India's biggest listed developer, traded 4 per cent higher, while Mumbai-based Oberoi Realty advanced 3 per cent. Prestige Estates, Phoenix Mills, HDIL, Sobha, United, DB Realty, etc. traded over 2 per cent higher.

Radius group is also into real estate business based out of Mumbai.

DB Realty in October 2010 had entered into an agreement with MIG Cooperative Housing Society for the development of the land.

DB Realty has so far invested Rs 340 crore in the project, which is expected to have a built up area of over 2.6 million sq ft, it said.

D B Realty said that the joint venture is for developing a residential project which will be known as 'DB Skypark'.

DB Realty will have a 75 per cent share in the project, the company said. The JV will develop seven towers of 12 storey each with a total built up area of 4.7 lakh sqft.

Shares in DB Realty gained over 17 per cent to a day high of Rs 82 on Thursday, on top of Wednesday's 20 per cent gain, after the Bombay High Court cleared major hurdles relating to three large projects being developed by the company .

Prominent builders and businessmen have been named in an FIR filed by Pune police in connection to a massive land scam allegedly worth hundreds of crores. Among those named in the FIR are 2G case accused Vinod Goenka and Shahid Balwa of DB Realty and builder Atul Chordia of the Panchshil Realty Group.

The Supreme Court today refused to exempt DMK chief M Karunanidhi's wife Dayalu Ammal from deposing as a witness in the 2G scam case. However, the court exempted her from personal appearance in trial court and directed that she be examined by a commission in Chennai.

Income from operations fell to Rs 81.64 crore in the first quarter of this fiscal year from Rs 84.92 crore in the year-ago period, Mumbai-based DB Realty said in a filing to the BSE.

Shares of property companies fell after a minister said the Cabinet had approved late on Tuesday the appointment of the first regulator for a sector that has struggled with a reputation for corrupt deals.

Former Tamil Nadu Chief Minister M Karunanidhi's wife Dayalu Ammal will have to appear as a prosecution witness in the 2G spectrum allocation case, a Delhi court said today.

DB Realty's promoter company has pledged 2.6 crore equity shares to Housing Development Finance Corporation (HDFC) Ltd.

DB Realty Ltd on Wednesday said that its board has approved raising of funds through the issue of 5 crore warrants convertible into an equivalent number of equity shares with a face value of Rs 10 each to non-promoter investors on a preferential basis.

After 2G Case judgement, Unitech shares surged 11.86%, D B Realty closed higher by 19.89 per cent, RCom shares rose 4 per cent, while Sun TV rose 4.51%

DLF, India's biggest listed developer, traded 4 per cent higher, while Mumbai-based Oberoi Realty advanced 3 per cent. Prestige Estates, Phoenix Mills, HDIL, Sobha, United, DB Realty, etc. traded over 2 per cent higher.

Radius group is also into real estate business based out of Mumbai.

DB Realty in October 2010 had entered into an agreement with MIG Cooperative Housing Society for the development of the land.

DB Realty has so far invested Rs 340 crore in the project, which is expected to have a built up area of over 2.6 million sq ft, it said.

D B Realty said that the joint venture is for developing a residential project which will be known as 'DB Skypark'.

DB Realty will have a 75 per cent share in the project, the company said. The JV will develop seven towers of 12 storey each with a total built up area of 4.7 lakh sqft.

Shares in DB Realty gained over 17 per cent to a day high of Rs 82 on Thursday, on top of Wednesday's 20 per cent gain, after the Bombay High Court cleared major hurdles relating to three large projects being developed by the company .

Prominent builders and businessmen have been named in an FIR filed by Pune police in connection to a massive land scam allegedly worth hundreds of crores. Among those named in the FIR are 2G case accused Vinod Goenka and Shahid Balwa of DB Realty and builder Atul Chordia of the Panchshil Realty Group.

The Supreme Court today refused to exempt DMK chief M Karunanidhi's wife Dayalu Ammal from deposing as a witness in the 2G scam case. However, the court exempted her from personal appearance in trial court and directed that she be examined by a commission in Chennai.

Income from operations fell to Rs 81.64 crore in the first quarter of this fiscal year from Rs 84.92 crore in the year-ago period, Mumbai-based DB Realty said in a filing to the BSE.

Shares of property companies fell after a minister said the Cabinet had approved late on Tuesday the appointment of the first regulator for a sector that has struggled with a reputation for corrupt deals.

Former Tamil Nadu Chief Minister M Karunanidhi's wife Dayalu Ammal will have to appear as a prosecution witness in the 2G spectrum allocation case, a Delhi court said today.

DB Realty's promoter company has pledged 2.6 crore equity shares to Housing Development Finance Corporation (HDFC) Ltd.