New York-based alternative asset manager Brookfield is lining up investments worth over $1 billion (around Rs 9,000 crore) to set up a global capability centre (GCC) in Mumbai, raising its bets on India.The GCC, which will be Asia’s largest, is being developed through an agreement between Mumbai Metropolitan Region Development Authority (MMRDA) and a … Read more
Co-working major WeWork India is gearing up to launch its initial public offering (IPO) on October 3, with people aware of the matter pegging the issue size to nearly ₹3,000 crore. The issue will close on October 7, with bidding for anchor investors opening for a day on October 1, as per the red herring … Read more
Prestige Estates Projects (PEPL), one of India’s top five real estate developers, is looking to offer more entertainment and dining spaces in malls while cutting back on apparel retailers. 40% of mall space is targeted towards entertainment and restaurants vs 15-20% currently. Company operates four malls at present. By 2030, it plans to grow to … Read more
The order is dated December 16, 2024 whereby SEBI intimated the appointment of forensic auditor with respect to financial statements of the Company for Financial Years 2020-21 to 2022-23. Reason – SEBI believes that the disclosure of financial information and business transactions of the Company have been dealt with in a manner which may be … Read more
In an unusual directive, SEBI asked Embassy Office Parks Management Services, the manager of Embassy REIT, to suspend the CEO Aravind Maiya through an interim order. The regulator also told the Embassy to immediately appoint an interim CEO. The directive came in the wake of concerns about Maiya’s professional background following an investigation by the … Read more
Real estate sector in India is facing strong traction, especially the residential real estate. Almost every company is providing aggressive growth targets. Now Shriram Properties (SPL), while unveiling it’s new brand identity has provided ambitious growth targets. The Company has embarked on a mission – called, SPLNxT – towards accelerating growth, repositioning brand and enhanced … Read more