Shrem Group News Today

The governments push for rapid growth in the infrastructure sector will catalyse a massive fund flow in the Infrastructure Investment Trusts, Nitan Chhatwal, CMD of Shrem Group told ET.

G-20 nearer to a deal on minimum corporate tax rate (SPY +0.5%). Big oil set to return to profit in 2021 and the WEI index improved again. The Market in Perspective Here are the headlines moving the markets. Big Oil Set To Return To Profit In 2021 Vitol, Shell and Exxon are all expected to announce profits in Q1 2021 following a turbulent 2020. The three companies are profiting from increased oil demand and a rise in oil prices, giving analysts hope for a strong year in oil and gas. Shell an...

Explore Now MUMBAI: Local investors HDFC MF, LIC of India, Nippon MF, Darashaw and Trust Capital are in talks with Mumbai-based Shrem group, which is set to launch an infrastructure investment trust (InvIT) of Rs 600 crore via an initial public offer, two people with knowledge of the matter told ET. The company will also raise about Rs 3,500 crore loan from the State Bank of India at a rate in the range of 7-7.35 percent with 15-year maturity as it seeks to repay existing high-cost debt. Final...

April 08, 2021 HNI investors have displayed extraordinary enthusiasm in the recent IPO frenzy but good times seem to be petering out   -  Getty Images/iStockphoto HNI investors have displayed extraordinary enthusiasm in the recent IPO frenzy but good times seem to be petering out   -  Getty Images/iStockphoto× Firm will use funds to reduce debt Mumbai-based road and infrastructure operator Shrem Group is planning to raise ₹600 crore through an initial public offering of its Shrem Infras...

(File photo) MUMBAI: US-based private equity fund manager Oaktree Capital Management has emerged the highest bidder for Dewan Housing Finance (DHFL) in the latest round of the race to acquire the troubled company. However, Piramal Group has offered the highest amount upfront. Adani Group, which triggered the fourth round of bidding with an out-of-turn offer for the whole company, has taken a step back by quoting the lowest of the three. A senior banker told TOI that a decision would be taken b...