Trend Chart
https://youtu.be/SaecarDdj5A
assuming management will change ,black stone will take over. If anyone is planning to invest continually need to track the news/company.
Trend Chart
assuming management will change ,black stone will take over. If anyone is planning to invest continually need to track the news/company.
Indiabulls Housing Prepares For A Makeover As Promoter Heads For Exit – Media report …Stock gains 3%
· Indiabulls Housing, the fifth-largest housing financier in the country, is preparing for a makeover after Sameer Gehlaut sold half of his stake, initiating a process to exit as promoter of the company. In a deal on Dec. 16, Gehlaut sold 11.9% of his 21.67% stake to Blackstone, Abu Dhabi Investment Authority, HSBC, Invesco and Quant Capital. Life Insurance Corp. of India, with 9.9%, is now the largest individual shareholder of the company.
· The transformation of Indiabulls Housing Finance started nearly two years ago, with Gehlaut exiting the real estate business, said chief executive Gagan Banga in a conversation with BloombergQuint.
· For now, Gehlaut continues to be classified as a promoter of Indiabulls Housing Finance. He will start the process of declassification over the next six months, after getting requisite regulatory approvals, Banga said.
· Indiabulls Housing, the fifth-largest housing financier in the country, is preparing for a makeover after Sameer Gehlaut sold half of his stake, initiating a process to exit as promoter of the company. In a deal on Dec. 16, Gehlaut sold 11.9% of his 21.67% stake to Blackstone, Abu Dhabi Investment Authority, HSBC, Invesco and Quant Capital. Life Insurance Corp. of India, with 9.9%, is now the largest individual shareholder of the company.
· The transformation of Indiabulls Housing Finance started nearly two years ago, with Gehlaut exiting the real estate business, said chief executive Gagan Banga in a conversation with BloombergQuint.
· For now, Gehlaut continues to be classified as a promoter of Indiabulls Housing Finance. He will start the process of declassification over the next six months, after getting requisite regulatory approvals, Banga said.
India’s wedding market of about $80 billion is expected to grow at a CAGR or something like 20% over the next 10 years to get to $500 billion. So obviously, we are seeing a very strong demand recovery in the whole discretionary consumption basket across the board – be it retailers or alcohol manufacturers like Radico and United Spirits. As the economy and travel normalise, these companies should have a very strong demand tailwind backing them