Stay away from small companies that are easily manipulated.
Eight-acre defunct mill land near the Siddivinayak Temple in Prabhadevi area has a development potential of two million square feet.
The entities barred by SEBI on Thursday from trading on stock exchanges on charges of manipulating share prices have decided to take remedial action against the market regulator's decision.
The Securities and Exchange Board of India (Sebi) on Friday banned Mumbai-based high net worth individual Sanjay Dangi and promoters related to him from dealing in equity markets. Promoters and promoter entities of Murli Industries Ltd, Ackruti City Ltd, Welspun Corp Ltd, and Brushman India Ltd have been barred from trading in their own and group companies' shares.
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While private equity giant Blackstone and Pune-based realtor Panchshil Realty had offered Rs 800 crore for the building at Nariman Point, the building's owners -- Viveck Goenka, chairman and managing director of the Indian Express Group, and private equity firm ICICI Venture (which has 49 per cent stake in the property) -- expected the sale to fetch Rs 900 crore, said the executive.
Morgan Stanley has big plans to invest in India's real estate.
Approaches Morgan Stanley, GIC and Blackstone
He is the man behind Blackstone's India strategy
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