Valor Estate has acquired 50% stake in Shiv Infra Riverwalk LLP(formerly known as Fairglow Realty LLP) pursuant to First Supplemental LLP Agreement dated 19 April 2024. The LLP was recently incorporated on 24 July 2023 and is in the business of real estate and other allied services.Powered by Capital Market - Live News

The Board of Valor Estate on 14 March 2024 has approved the allotment of 3,56,66,675 equity shares to qualified institutional buyers at an issue price of Rs 258 per equity share (including a premium of Rs 248 per share which is at a discount of Rs 12.87 per equity share equivalent to 4.75%) to the floor price of Rs 270.87 per equity share aggregating to Rs 920.20 crore pursuant to the QIP issue. The issue opened on 07 March 2024 and closed on 13 March 2024. Pursuant to the allotment of equity shares, the paid up equity share capital of the company has increased to Rs 537,78,93,780 consisting of 53,77,89,378 equity shares.Powered by Capital Market - Live News

DB Realty will hold a meeting of the Board of Directors of the Company on 7 March 2024.Powered by Capital Market - Live News

The Board of D B Realty at its meeting held on 09 February 2024 has approved in-principal the proposal to demerge its hospitality business consisting of hotel business and assets including Goan Hotels & Realty (a wholly owned subsidiary of the Company), BD and P Hotels (India) (a subsidiary of the Company) and Bamboo Hotel And Global Centre (Delhi) (an associate of the Company). The demerger will unlock the value of the real estate and hospitality business for the Company`s shareholders, enable a differentiated strategy to capture the huge potential of the Indian hospitality sector and attract a distinct set of investors, partners, collaborators and leadership talent focused on the hospitality business. It will also ensure that the real estate business remains unchanged. On completion of the process, the equity shares of the Resulting Company are proposed to be listed on the BSE and the National Stock Exchange of India and the shareholders of the Company (in proportion to their shareholding in the Company) will hold a substantial stake in the Resulting Company, with the balance being held by the Company. The Board will engage professional legal advisors, registered valuers and consultants to implement the above proposal, which shall be subject to necessary statutory and shareholders` approvals.Powered by Capital Market - Live News

DB Realty will hold a meeting of the Board of Directors of the Company on 9 February 2024.Powered by Capital Market - Live News