Poly Medicure rose 2.25% to Rs 665 after the company successfully raised Rs 400 crore through qualified institutional placement (QIP) route.Poly Medicure s QIP committee approved allotment of 76,33,587 equity shares to eligible qualified institutional buyers at the issue price of Rs 524 per equity share, aggregating to Rs 400 crore. The QIP issue opened on 15 February 2021 and closed on 18 February 2021.
Allottees who were issued more than 5% of the total equity shares offered in the qualified institutions placement (QIP) are SMALLCAP World Fund (27.25%), Lighthouse India III Equity Investors (15.50%), UTI Mutual Fund (12.61%), Max Life Insurance Company (10%), Abu Dhabi Investment Authority (9.60%) and Ashoka India Opportunities Fund (5.95%).
Poly Medicure proposes to utilize the net proceeds for funding suitable organic and inorganic growth opportunities, ongoing capital expenditure, other long term and short terms requirements, pre-payment and/or repayment of outstanding borrow
Sunteck Realty allots 22,611 equity share under ESOS business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
JP Morgan believes the India residential cycle is turning up with buyer sentiment turning positive on the back of all-time-low mortgage rates and the impact of COVID-19.
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Sunteck Realty Sees Growth In Pre-Sales For Q3FY21
SRL is one of the fastest-growing Mumbai-based luxury real estate development companies that reported Pre-sales for Q3 FY21 at Rs 349 crore; up by 75% QoQ and by 7% YoY
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Sunteck Realty Limited (SRL), Mumbai’s premium real estate developer, announced its Q3 and 9M FY20-21 operational updates. SRL saw robust growth in Pre-sales for Q3 FY21 at Rs 349 crore; it was up by 75% QoQ and by 7% YoY as well. Collections also grew at 79% QoQ to Rs 252 crore for Q3 FY21 and by 52% YoY.
As the operations resume post lockdown, the Company has continued its strong sales momentum, supported by its ready-to-move-in, nearing-ready inventory as well as newly launched projects. With the construction activity returning to pre-COVID levels, the Company remains focused on accelerating the project progress across the portfolio to offset the time lost on account of the ongoing pandemic. SRL recently launched the second t
Read more about Sunteck Realty gains after providing Q3 update on Business Standard. Sunteck Realty gained 2.55% to Rs 380.35 after the real estate developer said it saw a robust growth in pre-sales for Q3 December 2020 at Rs 349 crore.