Senior advocate A M Singhvi, appearing for the company, mentioned the matter for urgent listing before a vacation bench comprising justices Indira Banerjee and Ajay Rastogi
A banking licence, unlike, say, a licence to enter the telecom or gas business, is not sold to the highest bidder; it goes to a "fit and proper" entity
In January, another subsidiary Indiabulls Life Insurance Company had received R1 approval from Insurance Regulatory and Development Authority of India (Irdai)
Subject to satisfaction of closing conditions, the transaction is to be completed in tranches by September 30, 2019
Indiabulls Ventures hit a new high of Rs 381, up 20% in intra-day today, gaining 37% in past two trading days from Rs 278 on Thursday, on back of heavy volumes
Once this transaction is concluded, Indiabulls will cease its sole control over the two subsidiaries IPPL and IRECPL
Indiabulls Housing Finance standalone net profit rises 24.17% in the September 2017 quarter
Its Board has declared an interim dividend of Rs 9 per equity share for FY18
Real estate market is perceived to be in dumps, and demonetisation has dealt it a near-fatal blow
They said some instances of "asset transfers" are also under their scanner
Non-convertible redeemable debentures have a 10-year tenure with a 9.30% per annum coupon rate
The Group will invest Rs 25,00 crore by way of direct lending through home loans as well as indirect lending
Indiabulls Real Estate Fund, part of the Indiabulls group, on Sunday said it had raised Rs 500 crore for its property fund.The fund was launched nine months ago. Indiabulls said it had deployed 90 per cent of the capital raised in the projects of Vatika Group, Supertech, Sheth Creators and Naman Developers.In June, Indiabulls Real Estate Fund had said it invested Rs 100 crore in a Gurgaon housing project of Vatika Group in the fund's first investment.