The News Caravan

Tag: buys

  • Indian family buys most expensive Dubai villa for Rs 203 cr

    Indian family buys most expensive Dubai villa for Rs 203 cr

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    Dubai is a real estate paradise with its world-famous infrastructure and architecture. As there is a high demand for luxury properties in Dubai. Recently, an Indian investor who regularly invests in the Dubai property market purchased the most expensive eight-bedroom villa on ‘Lanai Island’ within the Tilal Al Ghaf master-development.

    The value of the villa is Dirhams 90.5 million (Rs 2,03,32,44,495), Metropolitan Premium Properties has disclosed the deal.

    The 30,200-square-foot luxury villa was designed by Kelly Hoppen Interior Designing Award-winning architect firm SAOTA. This three-storied villa has many features. 

    Other facilities include three swimming pools, a gym, reception, 24/7 security, separate guest house. It is also built with eight spacious bedrooms.

    Lanai Island where Tilal Al Ghaf is located, is a private island. It has 13 luxury buildings. Of these, 9 are coastal buildings and 4 are edge mansions. The locals say that this is the heaven of ghosts.

    Tilal Al Ghaf is developed by Majid Al Futtaim in Dubai. It has an area of ​​3.50 lakh square meters along with schools, hospitals, restaurants and other residential facilities.

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    ( With inputs from www.siasat.com )

  • Adani buys majority stake of Hindenburg Research Company

    Adani buys majority stake of Hindenburg Research Company

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    India’s Gautam Adani, Asia’s richest man, faces possibly the biggest challenge of his career after a U.S. short seller, Hindenburg accused Adani conglomerate of stock manipulation and accounting fraud.

    Adani Group responded Hindenburg report with an over 400-page data, the group led by Gautam Adani called all the allegations “unsubstantiated” and “misleading”. 

    However, despite the response by Adani’s group, the investors remained apprehensive and Adani’s share price kept falling.

    Reportedly, in an hostile takeover, Adani Group has bought majority stake at Hindenburg Research company. This is the second hostile takeover by Adani Group after it took over its another critic NDTV.

    “After completing the formalities with SEBI and US’ Securities and Exchange Commission (SEC) we will take complete control of Hindenburg Research and the story will be deleted” told Adani Group CFO to The Fauxy.

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    [ Disclaimer: With inputs from The Fauxy, an entertainment portal. The content is purely for entertainment purpose and readers are advised not to confuse the articles as genuine and true, these Articles are Fictitious meant only for entertainment purposes. ]