Valor Estate Ltd (DBREALTY)

BSE Increases Circuit Limit for 14 Stocks - 05 Apr, 2024

The BSE has increased the circuit limit for 14 stocks, including Indostar Capital Finance and Shipping Corporation of India, to 20% from 5%. The revised price band will be effective on April 5.

Valor Estate Ltd Stock Hammered by Bears - 28 Mar, 2024

Pinnacle Investments, the family office of Prestige Estate group promoter Irfan Razack and CEO Venkat K Narayana, sold 3 million shares last week, which gave further ammunition to the bears. The stock has been hammered as a result.

D B Realty's Earnings Disappoint Investors - 27 Mar, 2024

Despite a decent statutory profit number, D B Realty's net income has been split between a greater number of shares due to the issuance of 57% more new shares over the last year. Unusual items boosted its net profit by ₹13b, giving the impression that its underlying earnings power is not as good as it might seem.

Insider Selling at D B Realty Raises Concerns Among Investors - 26 Mar, 2024

Several insiders at D B Realty Limited sold their shares in the last year, including the biggest sale by Shravan Bali for ₹18m worth of shares. Insiders did not buy any company stock and there was a bit of selling over the last three months. However, insiders own 23% of the company, which generally increases the chance that the company is run in the interest of all shareholders.

Valor Estate Settles Dispute with Bank of India; Pinnacle Sells Stake in DB Realty - 22 Mar, 2024

Valor Estate settles its dispute with Bank of India and the NCLAT sets aside an insolvency resolution process against it. Meanwhile, Pinnacle Investments sells a 0.56% stake in DB Realty.

DB Realty Shares Fall 5% on Selling Shares to Institutional Investors - 19 Mar, 2024

Shares of DB Realty Ltd fell 5% to touch a day low value of Rs 203.90 after the firm raised Rs 920 crore by selling shares to institutional investors, including Morgan Stanley Asia, to fund its real estate projects and strengthen its balance sheet. Technical analysts suggest that the counter looks bearish in the near term.

DB Realty Raises Funds Through Share Sale to Institutional Investors - 14 Mar, 2024

DB Realty has raised Rs 920 crore through a share sale to institutional investors via QIP. The funds will be used for real estate projects and balance sheet strengthening.

DB Realty to Lease 186-Acre Land Parcel to MCGM - 12 Mar, 2024

Valor Estate Ltd's subsidiary, DB Realty, has entered into an agreement to lease out a vacant and undeveloped 186-acre land parcel in Mira Road to the Municipal Corporation of Greater Mumbai (MCGM) for an annual rental of Rs 248 crore. The lease duration is initially set for five years with a lock-in period of three years and the possibility of extension for another two years.

DB Realty Shares Fall After Handing Over Land to BMC - 11 Mar, 2024

DB Realty handed over 186.52 acres of land in Mumbai's Mira Road to Brihanmumbai Municipal Corporation (BMC) for Rs 248 crore per year, causing its shares to drop by over 5%. The company also launched a qualified institutional placement (QIP) at a discounted price than its previous close.

D B Realty Launches QIP to Raise Funds - 10 Mar, 2024

D B Realty has launched a qualified institutional placement (QIP) to raise funds, with the total size likely to be Rs 1,500 crore. The company plans to use the proceeds for business development and loan repayment, with a base size of Rs 1,000 crore and a green shoe option of Rs 500 crore. The equity dilution is expected to be around 10.4%.

DB Realty Launches QIP to Raise Capital for Expansion - 08 Mar, 2024

Jhunjhunwala-backed DB Realty has launched its Qualified Institutional Placement (QIP) to raise capital for business expansion and debt repayment. The total size of the QIP is projected at ₹1,500 crore, with an indicative price of ₹258 per share.