Private equity firms SAIF Partners and Accel Partners have invested R25 crore in a technology-enabled real estate marketing services platform PropTiger Realty, which runs PropTiger.com. PropTiger was created in February last year by Dhruv Agarwal, Kartik Varma and Prashan Agarwal and has achieved a gross value of property sold to R1,100 crore. Dhruv and Kartik had previously built a mass-market wealth management business iTrust Financial Advisors, which they subsequently sold to the Karvy Group. Prashan is an alumnus of IIT Kanpur and ISB, Hyderabad who prior to PropTiger had successfully built internet and technology businesses. PropTiger currently focuses on marketing new residential real estate developments aimed at middle class Indian families and is transacting at a run-rate of 300 units a month. The company?s target is to reach R10,000 crore of gross value of property sold by 2016. The new funding will be used to further strengthen PropTiger?s position in India?s top 8 cities where it operates and increasing head count to 500 real estate experts by mid-2013. Ravi Adusumalli of SAIF and Prashanth Prakash of Accel have joined PropTiger?s Board.

SRF to consider dividend on May 1 board meet

SRF has informed BSE that a meeting of the board of directors of the company will be held on May 1, 2012, to consider and approving the audited financial results for the quarter and year ended March 31, 2012. The company will also recommend final dividend on equity shares, if any.

Tinplate to take up dividend payment on April 25

Tinplate Company has informed BSE that a meeting of the board of directors of the company will be held on April 25, 2012, inter alia, to consider and take on record the audited financial results of the company for the year ended March 31, 2012 and also to consider the recommendation of dividend for the FY12.