#BrigadeEnterprises

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Sensex, Nifty open higher, Top rising stocks

Sensex, Nifty began a positive note on Monday following gains in their Asian stocks. The Indian rupee opened 12 paise higher at 71.02 against the  dollar amid rise in crude oil prices. The BSE Sensex opened up 0.31-percnet at 35,984, and the NSE Nifty50 rose at 0.20-percent at 10,813 during morning deal. JSW Steel, Ultratech Cement, Tata Motors, UPL and HDFC Bank were among the top Nifty gainers while, Adani Ports, BPCL, Infratel and NTPL were among the top Nifty losers. Among sectoral spaces, Nifty realty index is trading 1.22percent higher as the GST Council on Sunday reduced the GST-rates on under-construction residential properties to 5percent. Reactively, shares in Unitech, SunTech Realty, Brigade Enterprises  are leading in realty stocks upto 3.85percent. Read the full article

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Brigade Enterprises may list proposed hotel unit as REIT

#BrigadeEnterprises may list proposed hotel unit as #REIT

Bengaluru-based Brigade Enterprises Ltd, which is in the process of moving all its hotel assets into a separate unit, may consider listing the new entity as a real estate investment trust (REIT) or going public in the future as part of its strategy to expand its hospitality business, said a top company executive.

Apart from bringing private equity (PE) partners in the new unity, the firm will���

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Brigade Enterprises buys Bengaluru land for Rs218 crore from SAB Miller

#BrigadeEnterprises buys #Bengaluru land for Rs218 crore from #SABMiller

Realty firm Brigade Enterprises Ltd has bought a 12.95-acre land parcel in north Bengaluru’s Yeshwantpur area for Rs218 crore from SAB Miller India Pvt. Ltd., said a top company executive.

The acquisition has been made through Brigade’s subsidiary Brigade Infrastructure and Power Pvt. Ltd.

“We plan to build an IT (information technology) park. The acquisition has been funded from the company’s…