I think the timing is not too bad and as we say, timing the market is less important than time spent in the market. So, we are here to build the business over a long period of time in the right way, with the right quality and the right investment strategy and I think there is no better time to start than now.
So, it does not matter to me whether the company has had a profitability track record for the last two-three years or not, provided I have a visibility for the future.
Vodafone Idea has received approval from the board of directors for raising of up to Rs 2,075 crore from Oriana Investments, an Aditya Birla Group entity.
Embassy Group, led by chairman Jitendra Virwani, plans to infuse additional capital and assets into Indiabulls Real Estate Limited (IREL), of which it holds the largest stake. The merger of Embassy s residential and commercial projects with IREL, once approved by the National Company Law Appellate Tribunal, will create the country s largest real estate developer.