IPO
$ 80 million (about Rs 468 crore) was invested by a private equity (PE) fund owned by Tata Capital, in South India-focussed realty firm, Shriram Properties. Tata Opportunities Fund Managing Partner Padmanabh Sinha stated that the company believes that the residential real estate market, particularly mid-market housing, should see high growth. Due to increasing urbanisation, changing demographics [...] Continue Reading »
The Modinomics has spread a positive vibe post the budget session and the ripples are to be seen everywhere. Embassy Office Parks, a joint venture between private equity firm Blackstone Group and office space developer Embassy Group, is in advanced talks to acquire three large IT parks spread over two million square feet each in [...] Continue Reading »
Hindustan Construction Company’s subsidiary Lavasa Corporation has filed a draft red-herring prospectus with the Securities and Exchange Board of India (SEBI) on Tuesday and informed the exchanges. The company decided to raise funds from the primary market through the launch of an IPO worth ₹750 crore. The company’s spokesperson also mentioned that the issue is subject [...] Continue Reading »
Some people familiar with the developments are saying that the Aditya Birla Private Equity is in talks for the possible purchase of a 6 per cent stake in Adlabs Imagica. This will result the in the valuation of the company to be at Rs1, 667 crore. The deal is a part of a sale of [...] Continue Reading »
