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Omaxe clears Rs 990 Million outstandings

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According to the sources saying at the www.propertykhazana.com, Omaxe Company had proclaimed that it has prepaid the balance amount of Rs. 1000 million along with the interest which was otherwise repayable on December 2010 and the firm also prepaid Rs. 3 Billion on time. Company had used a term ability of Rs. 3.5 Billion from Indiabulls Fiscal Services on December 2007 for a period of three years and Omaxe’s projects in the realty business range from apartments to SEZs.
The firm in a small period of 5 years had finished and gave 11 ventures containing of 9 housing and two commercial ventures area covering of about 6 Million Sq.ft. Shares of the firm had gained Rs. 0.9% to trade at Rs. 99 and the total volume of shares was traded at 135,365 at the BSE. For further details on real estate market browse www.propertykhazana.com.
Source: NBTVLIVE

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