DB Realty executes debt settlement agreement with LIC Housing Finance

Valor Estate Ltd. | Construction - Real Estate | Construction & Infrastructure | BSE: 533160 | NSE: DBREALTY

17 Oct 2017 Evaluate

DB Realty (DBR) and LIC Housing Finance (LIC) have arrived at a settlement and have executed a debt settlement agreement dated October 16, 2017.

Pursuant thereto, LIC has on October 16, 2017 withdrawn the application made by it in the National Company Law Tribunal (NCLT) Mumbai against DBR and the said application by LIC therefore stands disposed off as withdrawn. In view thereof there are no bankruptcy proceedings pending against the company.

DB Realty is a real estate development and construction company. The company is engaged in the construction of residential buildings/commercial complexes and activities connected and incidental thereto.

Peers

Company Name	CMP
Lodha Developers	1070.10
Prestige EstatesProj	1425.00
Dilip Buildcon	398.00
DLF	621.00
Oberoi Realty	1668.30
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.