A better-than-expected industrial growth for November and promising third quarter earnings by trend-setter Infosys failed to cheer the markets and the benchmark Sensex on Tuesday closed down by over 100 points.
After its Rs 462-crore initial share sale, the real estate developer Godrej Properties said it plans to raise around Rs 3,000-crore through debt or equity to fund its expansion plans over the next two-three years.
Realty stocks crashed on the BSE Friday on fears of a debt crisis in Dubai raised by Middle East`s largest property firm Dubai World asking creditors if it could defer repaying USD 60 billion in loan until may next year.
Sahara Prime City, part of Subrata
Roy-led Sahara group, is planning to raise up to Rs 5,000 crore by year-end through an initial public offer, for which it will approach market regulator SEBI later this month.