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Real estate growth to remain unstoppable in 2023 Weathering heavy challenges in the past two pandemic years, the country’s real estate industry growth is shaping back to normalcy and in fact, holds a promising future. A double-digit growth in sales of property, both housing and commercial, is a testament to the full-scale recovery in the realty business. As the sector gears up to adapt to a transformed economic landscape and enhanced customer preferences, three major trends will favour and ensure that the flight of the domestic real e...
Real estate growth to remain unstoppable in 2023
Real estate growth to remain unstoppable in 2023
Source: PR Agency
31/01/2023 3:54:57 PM
Authum selected as H1 bidder by Reliance Home Finance lenders  Authum Investment and Infrastructure, a NBFC with around 15 years of presence and over Rs 1,500 crore net worth as on December 31, was selected by the lenders of Reliance Home Finance Ltd (RHF) as the winning bidder. The voting, that started on May 31 and concluded at 5 p.m. on June 19, saw participation from over 91 per cent of the Lenders by value. Banking sources said the lenders that have voted have unanimously and selected Authum's plan over other competing plans. As i...
Authum selected as H1 bidder by Reliance Home Finance lenders
Authum selected as H1 bidder by Reliance Home Finance lenders
Source: IANS
21/06/2021 8:49:49 AM
4 bidders in race to acquire Reliance Home Finance Two US-based funds, Avenue Capital/ARCIL and Aries SSG/ACRE, have placed their bids to acquire RHFL as a company. Banking sources added that Capri Global and Kotak Special Situation Fund have also bid for the retail assets. Lenders are supporting a full solution by selling the entire company. It is believed that Capri Global is the highest bidder for the retail assets of RHFL. The RHF has cash on hand of Rs 1,500 crore. Its total debt is of Rs 11,000 crore.
4 bidders in race to acquire Reliance Home Finance
4 bidders in race to acquire Reliance Home Finance
Source: IANS
29/01/2021 9:20:33 AM
Four bidders in final race to acquire Reliance Home Finance  Two US-based funds Avenue Capital/ARCIL and Aries SSG/ACRE have placed their bids to acquire RHFL as a Company. Banking sources added that Capri Global and Kotak Special Situation Fund have bid for retail assets. Lenders are supporting for a full solution by selling the entire company. It is believed that Capri Global is the highest bidder for the retail assets of RHFL. However, lenders are skeptical on Capri Global being able to pass the "fit and proper" test due ...
Four bidders in final race to acquire Reliance Home Finance
Four bidders in final race to acquire Reliance Home Finance
Source: IANS
28/01/2021 12:00:03 PM
Reliance Home Finance posts Q3 net loss of Rs 339.55 cr The company reported standalone net loss during the quarter stood at Rs 339.55 crore as compared to net loss of Rs 74.00 crore in the previous year quarter. Net revenue of the company declined substantially by 59.61 per cent at Rs 173.28 crore in October-December quarter of this fiscal as against Rs 429.00 crore in the corresponding period last year. During October-December quarter, operating expenses increased by 78.72 per cent to Rs 387.83 crore from Rs 217.00 crore in year ago period. O...
Reliance Home Finance posts Q3 net loss of Rs 339.55 cr
Reliance Home Finance posts Q3 net loss of Rs 339.55 cr
Source: Dion Global Solutions Ltd
25/01/2021 11:32:50 AM