Sector: All Sectors

Acrysil India predicts to reach Rs 1000 crore revenues

Chirag Parekh, CMD has predicted that the Company will achieve revenues of Rs 1,000 crore in the next three years. Key points to note – Trailing twelve months revenues of the Company were Rs 405 crore. Given the Covid disruption and subsequent revival of the Indian real estate sector as well as overall revival in … Read more

CPPIB further deepens it’s relationship with Phoenix. Commits more funds.

Phoenix Mills Ltd (PML) and Canada Pension Plan Investment Board (CPPIB) have entered into a new joint venture agreement to co-develop an office-led, mixed-use asset, which is part of Phoenix Palladium in Mumbai’s Lower Parel. Key points to note – CPPIB will invest Rs 1,350 crore in tranches for a 49% stake in the joint … Read more

Macrotech raising 4000 crore equity from institutional investors

Macrotech Developers (Lodha Group) is raising about Rs 4,000 crore equity through preferential placement to the institutional investors. Key points to note – Issue comprises of 3.4 crore fresh issues of shares at floor price of Rs 1184.7/ share It would entail 7.5% dilution of the existing shareholders Objective of the fund raise is wide … Read more

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