Real estate stocks of Mumbai-based companies have been hitting lifetime highs on expectations that launches, steady demand, and price increases in the largest real estate market in the country would boost their financials. Macrotech Developers (Lodha) and Oberoi Realty hit their all-time highs last week, while Godrej Properties came close to its 52-week high… Continue reading Mumbai realty firm stocks may climb wall of worry, one valuation at a time
Tag: valuation
Ambuja Cements to buy 56.7% stake in Sanghi at a valuation of Rs 5,000 cr
Ambuja Cements on Thursday announced that it would acquire Sanghi Industries Ltd (SIL) at an enterprise valuation of Rs 5,000 crore. The Adani Group company will acquire a 56.74 per cent stake in SIL from its existing promoter group, Ravi Sanghi & family. The acquisition will be fully funded through internal accruals. According… Continue reading Ambuja Cements to buy 56.7% stake in Sanghi at a valuation of Rs 5,000 cr
Reliance Retail’s valuation now nearly twice that of RIL’s O2C business
Reliance Industries’ retail arm, Reliance Retail, is now valued at nearly twice the amount of its decades-old and lucrative oil-to-chemical (O2C) division. Bernstein’s latest report on the conglomerate reveals an estimated valuation of $112 billion for its retail business, dwarfing the $57 billion valuation of its O2C division. In addition, the research firm… Continue reading Reliance Retail’s valuation now nearly twice that of RIL’s O2C business