Now hold it till the market sentiments improve. No sense to book loss or average it. Keep patience now, definitely it will give you profit. Rest bo one is
NEW DELHI: Israel’s leading construction company U Dori Group is picking up a 50% stake in residential project in joint venture (JV) with
Hyderabad-based Surana Group for Rs 125 crore, a person involved in the transaction said on the condition of anonymity.
The U Dori Group will invest in Bhagyanagar Properties and Scientia Infocom, the two real estate arms of Surana Group, for setting up a residential group for housing and construction development project in Hyderabad. The Israeli company will invest either on its own or through its subsidiaries, Dori Global and Gazit Globe.
These two Surana Group companies have a land bank of 25 acres in Hyderabad for setting up a group housing society. Dori Global is the international real estate development division of U Dori Group, that is into developing residential projects in Eastern Europe. Gazit Globe is also a Tel Aviv-listed real estate company which is engaged in acquisition, development and management of income producing properties across the globe. Surana Group is engaged in manufacturing telecom products, copper products, power cables.
Surana Group will eventually merge Bhagyanagar Properties and Scientia Infocom to create a special purpose vehicle that would act as a JV between the Surana Group and U Dori, the person added.
The subsidiary companies are in the process of obtaining necessary approvals such as layout plans, land use change, payment of external developmental charge from the state government and concerned municipal bodies.
Bhagyanagar India, a Rs 200-crore BSE-listed company of Surana Group, will give an irrevocable bank guarantee against the amount of Rs 125 crore being pumped in by the Israeli company.
According to the agreement between the two parties, in the event all approvals are not obtained by the Surana subsidiaries in a year, U Dori Group will have an option to either give a grace period of 12 months for obtaining the approvals or walk out of the project by selling its shareholding in the JV company.
boss how u know all this information regarding that israil company tie up with the surana group and how much is this information true. how much u feel the impact of this information will be if it is true on the share price of bhagyanagar india in the near term.
respected all,
i also have 4000 share of this company at price at 24 RS. i dont now abt impacte of story . and i dont now abt buy back .just think right now stoks trading at 18.to 19 RS. than why company buying at up to 40 RS. i am also waiting for good price .bcoz i am also holding before 5 to 6 months .
boss the buyback price u are talking about is the max price they will buy and the min. price can be any price may be at that time when the buy back opens it may be rs 20 also,then they will double the qty of shares.the buy back price doesn`t mean that the promoters have to buy at 40 rs.
do anybody know about the dividends details for bhagyanagar and also what gonna happen if the buy back will execute?I`m having these shares@27 and how it will(buy back) impact on my shares?please advice..
Sell at every spurt . Almost two months have gone after the buyback announcement , but no big quantity is picked by the promotors . Promotors have diluted most of their stake and shifted from the core business. SELL ... SELL . Buy again at 15 to 18 level
| NIFTY 
