Mutual Funds Sahi Hai!
To avail the service, you will be redirected to loans.geojitcredits.com
The board approved the issue on August 30. Shareholders followed with their approval on September 23. The company applied for in-principle approval on September 2. Both BSE and NSE granted the approval on December 5.
SEBI rules required Hubtown to complete the allotment within fifteen days of receiving these approvals. With investors now unwilling to proceed, the company said the issue stands cancelled. No shares will be allotted.
Hubtown noted that the withdrawal will not affect its operations or financial stability. It may explore other fundraising options and will update stakeholders as needed.
Hubtown, based in Mumbai, is a real estate developer with a 35-year track record of building landmark projects across ultra-luxury, premium residential and commercial segments. The company holds one of the largest land banks in South Mumbai and has a diversified development pipeline across the MMR region.
On a consolidated basis, net profit of Hubtown rose 44.50% to Rs 24.06 crore while net sales rose 110.74% to Rs 208.51 crore in Q2 September 2025 over Q2 September 2024.
Kalyani Forge Ltd, Hubtown Ltd, Ortin Global Ltd and Shiva Texyarn Ltd are among the other losers in the BSE's 'B' group today, 10 December 2025.
Archidply Decor Ltd crashed 14.89% to Rs 70.6 at 14:30 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 84 shares were traded on the counter so far as against the average daily volumes of 1520 shares in the past one month.
Kalyani Forge Ltd lost 10.82% to Rs 632.3. The stock was the second biggest loser in 'B' group.On the BSE, 118 shares were traded on the counter so far as against the average daily volumes of 118 shares in the past one month.
Hubtown Ltd tumbled 10.42% to Rs 252.85. The stock was the third biggest loser in 'B' group.On the BSE, 65532 shares were traded on the counter so far as against the average daily volumes of 47001 shares in the past one month.
Ortin Global Ltd plummeted 8.18% to Rs 14.15. The stock was the fourth biggest loser in 'B' group.On the BSE, 183 shares were traded on the counter so far as against the average daily volumes of 5544 shares in the past one month.
Shiva Texyarn Ltd slipped 7.76% to Rs 174.05. The stock was the fifth biggest loser in 'B' group.On the BSE, 9 shares were traded on the counter so far as against the average daily volumes of 699 shares in the past one month.
With this, TFDRL has, as on date, obtained RERA registration for four towers (T1, T2, T3 and T4) of the aforesaid project.