Kingmaker Developers News Today

The company recorded 26% year-on-year and 101% sequential rise in pre-sales at Rs 616 crore during the quarter ended December. Collections during the period also rose to Rs 452 crore taking its first nine months collection to Rs 1,533 crore

In a week marked by fluctuations, the benchmark indices, Sensex and Nifty, managed to recover from earlier losses, concluding the week with marginal gains.

The companys net profit for the quarter soared 55.5 percent on year aided by a manifold rise in revenue and stellar other income.

Consequent upon the aforesaid sale, Real Gem Buildtech will cease to be a wholly owned subsidiary of DB Realty. The transaction will lead to considerable amount of free cashflow to the company.

On Tuesday, 1992 stocks advanced, 1688 declined and 133 remained unchanged, with an advance decline ratio of 1.18 on the Bombay Stock Exchange (BSE), indicating positive closing of stocks in broader markets.

Rustomjee Groups subsidiary, Kingmaker Developers, has acquired 100% equity and preference shares of DB Realtys subsidiary, Realgem Buildtech, for over Rs 231.42 crore. This acquisition paves the way for Rustomjee Groups listed entity, Keystone Realtors, to take over Rustomjee Crown, a premium residential project in Mumbais Prabhadevi area.