DB Realty gains after reappointing 2G accused founders

DB Realty gains after reappointing 2G accused founders

FP Archives December 20, 2014, 05:49:50 IST

The Supreme Court had granted bail to both Vinod Goenka and Shahid Balwa charged in a telecom licencing scandal.

Advertisement
DB Realty gains after reappointing 2G accused founders

Shares in realtor DB Realty rose as much as 5.74 percent after the company said it appointed Vinod Goenka as executive chairman and managing director, and Shahid Balwa as vice-chairman and managing director from Saturday , two analysts said.

The Supreme Court had granted bail to both the executives charged in a telecom licensing scandal.The move is expected to help the company bring its stalled projects back on track, said one of the analysts.

Advertisement

At 10.45 a.m, the stock was at Rs 65.60, up 3.23 percent.

Reuters

Written by FP Archives

see more

Latest News

Find us on YouTube

Subscribe

Top Shows

Vantage First Sports Fast and Factual Between The Lines