Markets on the Rise

  • Most Popular
  • Most Shared

Reuters Showcase

Photo

Tata Motors & JLR

BREAKINGVIEWS: JLR flotation would make sense for Tata Motors.  Full Article 

Stake Sales

Stake Sales

Govt to auction stakes in state-run companies.  Full Article 

Telecom M&A

Telecom M&A

India to allow telecom M&A in simple process: Sibal.  Full Article 

Snag in Talks

Snag in Talks

Yahoo-Alibaba talks falling apart - sources.  Full Article 

iPhone Market Share

iPhone Market Share

Apple iPhone market share to slip from Q1 - Gartner.  Full Article 

Buy, Sell or Hold?

Buy, Sell or Hold?

Stock recommendations from VantageTrade.  Full Coverage 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage 

RPT-ICICI Pru unit buys 50 pct in DS Kulkarni project

Related Topics

Stocks

   

Thu Jul 10, 2008 8:10am IST

(Repeats story issued on Wednesday)

MUMBAI, July 9 (Reuters) - Real-estate firm DS Kulkarni Developers Ltd (DSKL.BO) said on Wednesday it has sold 50 percent in a unit setting up a premium Bangalore residential project to ICICI Prudential PMS Real Estate Portfolio, for 350 million rupees.

ICICI Prudential PMS has invested in the project at the land acquisition stage, the company said.

Last week, D S Kulkarni sold 50 percent in a unit setting up a special economic zone in Pune to GTC Cyprus for $90 million.

Ahead of the announcement, DS Kulkarni shares ended at 95.30 rupees, up 2.2 percent in a strong Mumbai market.

(Reporting by Prashant Mehra; editing by Sunil Nair)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.