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News on Medial
Ajmera Realty shares fall 4% after securing Rs 500-crore loan
Money Control
·
1y ago
Medial
Real estate firm Ajmera Realty has secured credit facilities of INR 500 crore (approx. $68 million) from Standard Chartered Bank and ICICI Bank for its luxurious residential project Ajmera Manhattan in Mumbai. The funds will also be used to partially prepay an existing loan from HDFC Bank. The project, which has already sold 60% of its inventory, is expected to benefit from the rising housing demand along the Sewri-Wadala belt, driven by the launch of the Mumbai Trans-Harbour Link. Ajmera Realty's stock has gained around 90% in the past six months.
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Ajmera Realty secures Rs 500-crore loan from Standard Chartered Bank, ICICI Bank
Money Control
·
1y ago
Medial
Ajmera Realty & Infra India has secured credit facilities of INR 500 crore ($68 million) from Standard Chartered Bank and ICICI Bank. The funds will be utilized for the development of the Ajmera Manhattan residential project in Mumbai. INR 200 crore will also be used to partially prepay a GCP loan obtained from HDFC Bank. The company secured the deal at a lower cost compared to prevailing rates and aims to reduce its corporate debt by 90% in the next three years. The Ajmera Manhattan project has experienced strong booking demand, with over 60% of inventory sold as of December.
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Jhunjhunwala-backed DB Realty likely to raise up to Rs 1,500 cr via QIP at Rs 258 per share
Money Control
·
1y ago
Medial
Mumbai-based real estate firm DB Realty is expected to raise up to Rs 1,500 crore through a qualified institutional placement (QIP) at a price of Rs 258 per share. The funds will be used for business development and loan repayment. The QIP has a base size of Rs 1,000 crore with an option to raise another Rs 500 crore. The indicative price represents an 8.5% discount from the current market price. DB Realty faced challenges in the past due to legal issues, but a successful fundraising could mark a turnaround for the company.
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Suzlon Energy shares gain after three sessions, here's why
Business Today
·
5m ago
Medial
Suzlon Energy's shares increased by 2.5% to Rs 50.98 on the BSE after securing a third order of 204.75 MW from Jindal Green Wind 1 Pvt. Ltd. Previously, the stock reached a 52-week high of Rs 86.04 and a low of Rs 35.49. In Q3FY25, the company reported a net profit of Rs 388 crore and revenue of Rs 2,969 crore.
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FIIs net buyers worth Rs 4,022 crore, DIIs net sell shares worth Rs 1,651 crore
Money Control
·
1y ago
Medial
Foreign institutional investors (FIIs) have purchased shares worth Rs 1.4 lakh crore, while domestic institutional investors (DIIs) have bought shares worth Rs 2.41 lakh crore so far this year. On July 12, DIIs were net sellers of shares worth Rs 1,651 crore, while FIIs were net buyers of shares worth Rs 4,022 crore. The Sensex closed at 80,519.34, up 622.00 points, or 0.78 percent, with the Nifty 50 closing at 24,502.20, up 186.20 points, or 0.77 percent. The IT index saw the biggest gains, while the realty and power indices fell.
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Raymond shares rise 2% as subsidiary bags new realty project worth Rs 2,000-cr
Money Control
·
1y ago
Medial
Shares of Raymond Limited have surged 2 percent to Rs 2,600 after its real estate arm, Raymond Realty, was chosen for the redevelopment of a residential project in Bandra East, Mumbai. The project is estimated to generate a revenue of over Rs 2,000 crore and is in line with the company's growth plans for real estate development in the Mumbai Metropolitan Region. The shares of Raymond have rallied nearly 50 percent since the beginning of the year.
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Raymond Realty to launch Rs 14,000 cr worth housing projects in FY26, fixes July 1 for listing on bourses
Economic Times
·
1m ago
Medial
Raymond Realty plans to launch six residential projects in the Mumbai Metropolitan Region this fiscal year, with revenue potential estimated at Rs 14,000 crore. The company will list on stock exchanges on July 1, following a demerger from Raymond Ltd. This move allows Raymond Realty to focus solely on real estate. The company's projects will range from Rs 2 crore to Rs 20 crore, targeting quality and timely completion. Raymond Realty also aims to explore joint development agreements in Mumbai and Pune.
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Prestige Group hospitality arm files DRHP with SEBI to launch Rs 2,700-cr IPO
YourStory
·
3m ago
Medial
Prestige Hospitality Ventures Ltd, an arm of realty firm Prestige Estates Projects Ltd, has filed for an initial public offering (IPO) to raise up to Rs 2,700 crore. The IPO involves a fresh issue of shares worth Rs 1,700 crore and a Rs 1,000 crore offer-for-sale by the promoter. Prestige Estates, a leading real estate developer, plans to enhance its hospitality portfolio, which includes seven hotels and several ongoing and upcoming projects.
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ASK Property Fund targets luxury housing projects with new fund
VCCircle
·
7m ago
Medial
ASK Property Fund, part of Blackstone-backed ASK Group, has launched its first luxury real estate fund in collaboration with India Sotheby’s International Realty. This category-II alternative investment fund, registered with the Securities and Exchange Board of India, targets a corpus of Rs 1,000 crore with a Rs 500 crore greenshoe option. The fund aims to invest in luxury housing projects in Tier 1 cities and premium holiday destinations, capitalizing on India’s growing affluent market.
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Kiddopia lends Rs 75 Cr to Nazara UK
YourStory
·
9m ago
Medial
Nazara Technologies UK, a subsidiary of Nazara Technologies, has signed a loan agreement with Kiddopia Inc., a subsidiary of Paper Boat Apps. Kiddopia will provide Nazara UK with Rs 75 crore for business purposes and loan repayment. Nazara Technologies also recently entered into a share subscription agreement, raising Rs 220 crore through the issuance of equity shares to various investors, including SBI Funds Management. Additionally, the company plans to raise around Rs 900 crore through a preferential issue of equity shares to acquire a larger stake in Absolute Sports Private Limited.
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Aikyam Capital marks first close of maiden special situation fund
VCCircle
·
3m ago
Medial
Aikyam Capital Management, an Indian alternative investment firm, announced the first close of its Aikyam Capital Stressed Assets Fund I, a Category I Special Situation Fund, securing Rs 105 crore. With a target corpus of Rs 300 crore and a greenshoe option of Rs 200 crore, the fund aims for Rs 500 crore total. Founded by Nilesh and Navnit Choudhary, Aikyam focuses on distressed business investment across sectors, emphasizing operational support and restructuring.
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