ADVERTISEMENT
Why Did Hubtown Sell, Buy And Sell The Same Company?
Hubtown bought a company and sold it in 10 days at half of what it paid.
18 Jan 2019, 10:56 PM IST
It’s not unusual for real estate companies to transact in land and property, but when a developer acquires an asset and sells it within 10 days, that raises eyebrows.Mumbai-based public listed developer Hubtown Ltd. (erstwhile Ackruti City Ltd.) acquired a 51 percent stake in a firm, E Commerce Magnum Solution Pvt. Ltd., for Rs 48.19 crore in cash on Sept. 17, 2018. According to filings with the Registrar of Companies, E Commerce Mag...
I’m already a Subscriber Sign In
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits
Choose a plan
Renews automatically. Cancel anytime.
As a Subscriber you get
Full Access to
NDTV Profit App
Exclusives
Premium Stories
Access to
Stories
Curated
Newsletters
20,000+
Research Reports
Priority Pass
to Special Events
Ad-Free
Experience
Members-Only
Rewards
Still Not convinced ? Know More
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
ADVERTISEMENT