Omaxe raises Rs 440 crore from Varde Partners to expedite construction, expand business
NEW DELHI: Realty firm Omaxe on Tuesday said it has raised Rs 440 crore from Varde Partners to expedite construction of its existing projects as well as expand business. Omaxe Group is developing integrated townships in New Chandigarh, Lucknow, Ludhiana, Indore and Faridabad. It is also developing a multilevel parking cum commercial project in PPP […]
NCLT agrees to hear plea alleging mismanagement in real estate firm Omaxe
NEW DELHI: The National Company Law Tribunal (NCLT) has agreed to hear a petition filed against Omaxe Ltd alleging oppression and mismanagement in the affairs of the Delhi-based real estate firm. Terming the matter as “exceptional” and having “compelling circumstances” against the realty firm, a two-member Chandigarh-based NCLT bench has granted the waiver in the […]
Omaxe sales more than doubles to Rs 2,145 crore in 2019-20
NEW DELHI: Signalling a strong real estate demand in Tier II/III cities, India’s leading real estate company Omaxe Limited more than doubled its sales at Rs 2145 crore in 2019-20. The Tier II & III cities real estate bellwether Omaxe, in its Annual Report 2019-20 filed in the stock exchanges, said that it sold a […]
Omaxe Q4 net profit falls 10%; plans to raise Rs 500 crore via debentures
NEW DELHI: Realty firm Omaxe has reported 10 per cent decline in its consolidated net profit at Rs 20.27 crore for the fourth quarter of the last fiscal year and announced plans to raise Rs 500 crore through private placement of debentures or other debt instruments. Its net profit stood at Rs 22.54 crore in […]
Sunil Goel gets NCLT nod to inspect Omaxe holding co’s records
NEW DELHI: The National Company Law Tribunal(NCLT) Chandigarh has issued order in favour of Sunil Goel second largest promoter and erstwhile Joint Managing Director of Omaxe Ltd. NCLT Chandigarh directed Guild Builders the holding company of Omaxe Ltd. to allow inspection of record/registers and take extract copies of the documents by Sunil Goel. He has […]