Page 2 - Developers Ltd News Today

The Nifty Realty index was trading 0.1 per cent up at 925.8.

Get latest articles and stories on Latest News at LatestLY. The National Company Law Tribunal has initiated the corporate insolvency resolution process (CIRP) against MEP Infrastructure Developers Ltd on a plea filed by Bank of India and appointed an interim resolution professional to take control of the company. Latest News | NCLT Initiates Insolvency Proceeding Against MEP Infrastructure.

The Nifty Realty index was trading 1.31 per cent down at 936.95.

Ventura Securities is bullish on IRB Infrastructure Developers has recommended buy rating on the stock with a target price of Rs 61 in its research report dated April 01, 2024.

IRB Infrastructure Trust, an affiliate of IRB Infrastructure Ltd, announced on Monday that its special purpose vehicles (SPVs) have made an upfront payment of Rs 6,111 crore to the National Highways Authority of India (NHAI) for toll operate transfer (TOT) projects. This payment includes Rs 4,428 crore for TOT12 and Rs 1,683 crore for TOT13.

The companys wholly owned subsidiary DLF Home Developers Ltd is raising the amount, the company said in a regulatory filing

Bharatiya Janata Party was the biggest beneficiary with over Rs 314 crore in donations, India National Congress received about Rs 98 crore. BRS got over Rs 90 crore and TMC received Rs 41 crore.

Smallcap selloff: Tata Investment Corporation Ltd, HUDCO, MMTC, Network 18, TV18 Broadcast, SPARC and NBCC were a few other stocks hitting their 5 per cent lower circuit limits.

The Nifty Realty index was trading 0.07 per cent down at 915.85.

The Nifty Realty index was trading 1.18 per cent down at 898.8.