Omaxe Latest News

  1. The scrip is currently trading at Rs 123.00, up by 0.82%
  2. The company has reduced the net debt by about Rs 75 crore on quarter to quarter basis
  3. The company expects the debt to fall to Rs 880 - 890 crore on repayments and cash flow from operations
  4. Its total income fell 33.11% at Rs 241.32 crore for the quarter under review
  5. The company has also identified low-rise housing and plotted developments as the new growth drivers
  6. The company’s board gave the approval at its meeting held on May 30, 2011
  7. Omaxe Ltd is planning to cut debt by 25% to Rs 1,250 crore by the end of current financial year from Rs1,552 crore as of March 31.
  8. Realty firm Omaxe has bagged a Rs 136 crore contract from Defence Ministry to construct housing project in Maharashtra.
  9. Omaxe, the New Delhi-based real estate developer, is looking to launch, sell and start construction on 9 residential projects in Noida, Faridabad and Lucknow in the current fiscal
  10. Real estate developer Omaxe is planning to raise Rs 800 crore through private placement of shares and stake sale at projects level, mainly to repay part of its debt. The current debt stands at Rs 1,650 crore
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