Posts Tagged “Cr”

Invesco Oppenheimer fund to buy 11% stake in Zee Entertainment for ₹4,224 cr

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Invesco Oppenheimer fund to buy 11% stake in Zee Entertainment for ₹4,224 cr

New Delhi: US-based Invesco-Oppenheimer Developing Markets Fund has agreed to pick up 11% stake in Zee Entertainment Enterprises Ltd (ZEEL), the flagship media company of Subhash Chandra’s Essel Group. The stake sale will be for a total consideration value of up to ₹4,224 crore, the company said in a press statement. The proceeds from the stake sale will go…

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Property brokerage firm Investors Clinic’s FY19 revenue doubles to ₹ 225 cr

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Property brokerage firm Investors Clinic’s FY19 revenue doubles to ₹ 225 cr

Property brokerage firm Investors Clinic on Monday reported over two-fold jump in revenue to ₹ 225 crore during last financial year as it facilitated sales of housing and commercial units worth ₹6,000 crore. The Noida-based firm sold 11,621 units worth ₹6,000 crore during 2018-19 as against 4,500 units worth ₹2,180 crore in the previous year. “This has led to revenue…

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Omidyar India grants Rs 16 Cr to fund research on property rights

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Omidyar India grants Rs 16 Cr to fund research on property rights

To resolve these issues, Omidyar Network India announced a grant of Rs 16 crore to form a multi-organisation research consortium to secure rights to assets like property and housing. This includes Rs 3.5 crore to back proposals from various places across the country. Omidyar Network works with entrepreneurs, non-profits and public institutions trying to solve India’s most difficult problems. The grant will fund institutions…

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