Indiabulls Real Estate

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

In Europe, markets closed higher in the previous session after the Bank of England maintained its interest rates at a 16-year high of 5.25 per cent, as widely anticipated

Indiabulls Real Estate Ltd (IBREL) has posted widening of consolidated net loss at Rs 1,038.65 crore for the last fiscal year. Its net loss stood at Rs 608.38 crore in 2022-23. Total income also fell to Rs 468.75 crore during 2023-24 from Rs 648.47 crore in the preceding year, according to a regulatory filing on Friday. IBREL's ness loss in March quarter FY24 narrowed to Rs 302 crore from Rs 375.99 crore in the year-ago period. Total income fell to Rs 39.54 crore in the quarter from Rs 132.91 crore in the year-ago period. Mumbai-based IBREL is one of the leading real estate developers in the country.

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 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 ...

Meanwhile, thus far in the calendar year 2024, the Nifty Realty index has surged 21 per cent, as compared to 2 per cent rise in the benchmark index.

The realty firm believes that the said order to be unlawful and was evaluating legal options to defend itself, including filing of an appeal in Court.

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

Media reports suggested that stamp duty may be increased by 1% in Maharashtra along with a hike in ready reckoner rates.

The company said merger with the Embassy was in the final stages of the National Company Law Tribunal (NCLT) review - next hearing in Chandigarh scheduled for tomorrow, March 1, 2023.

Realty index may slip up to 7 per cent if stays beneath 400 level

Among the realty pack, Indiabulls Real Estate trades in a bear grip, while Brigade and Phoenix Mills may see an upside of 14 per cent.

State-owned insurance behemoth Life Insurance Corporation (LIC) reported a net profit of Rs 682.88 crore in the April-June quarter (Q1) of FY23, driven by its non-par business.

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

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

Among other real-estate stocks, Indiabulls Real Estate remains in the bear trap, while Sobha and Godrej Properties were seen struggling to make a come back.

A total of four stocks -- Dhani Services, Brightcom Group, Indiabulls Real Estate and Solara Active Pharma Sciences -- have been butchered more than 60 per cent

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

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

Nearly 86 million equity shares of Rs 2 each allotted to QIBs pursuant to qualified institutional placement (QIP) are listed on the exchange with effect from Monday, April 18, 2022.