Jan 28 2021, 9:13 PM
January 28 2021, 9:38 AM
January 28 2021, 9:13 PM
(Bloomberg) Brookfield India Real Estate Trust, backed by Canadian asset manager Brookfield Asset Management Inc., is seeking to raise as much as $522 million in an Indian initial public offering, adding to the growing number of listings from the sector in the country.
(Bloomberg) Brookfield India Real Estate Trust, backed by Canadian asset manager Brookfield Asset Management Inc., is seeking to raise as much as $522 million in an Indian initial public offering, adding to the growing number of listings from the sector in the country.
Brookfield REIT is selling 138.2 million units to 138.5 million units at 274 rupees to 275 rupees each, according to terms of the deal obtained by Bloomberg News. It will take investor orders from Feb. 3 to Feb. 5 before a listing scheduled for Feb. 17, the terms show.
Indian companies sweep international honours for health and safety ANI | Updated: Jan 25, 2021 15:01 IST
Mumbai (Maharashtra) [India], January 25 (ANI/NewsVoir): In what may be a triumph for corporate India during the pandemic, British Safety Council awarded 35 Indian companies with the prestigious international Sword of Honour award in 2020.
These companies formed the majority of the 66 companies across Europe, the Middle East, and Asia that received the Sword of Honour.
The Indian firms include Larsen & Toubro (L&T), DLF, Panchshil Realty, Mindspace Business Parks REIT, One & Two Horizon Centre, Asian Paints, Cairn Oil & Gas, Torrent Power, Indorama, Chemplast Cuddalore Vinyls, Udupi Power Corporation, The Chanakya and The Lodhi. Of these, DLF leads with 12 project sites across India followed by L&T with 8 project sites that received the Sword of Honour.
Indian companies sweep international honours laosnews.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from laosnews.net Daily Mail and Mail on Sunday newspapers.
business
Jan 12, 03:01
Investors seem excited about REITs. But what are they? A REIT, or real estate investment trust, is an entity that owns, operates or finances income-producing properties or real estate. Modelled after MFs, REITs pool money from investors, several usually, on the promise of generating a steady income for them. REITs own many types of commercial real estate, such as office buildings, hotels, etc. Like listed companies have promoters and trade in shares, REITs are backed by ‘sponsors and trade in ‘units . REITs are very popular in US & Singapore. Embassy Office Parks & Mindspace Business Parks backed by Blackstone are two listed REITs in India. A third IPO is expected in 2021 from Canada s Brookfield.
App-based Indian cosmetics retailing startup Nykaa plans to go public by early 2022 at a valuation of more than $3 billion, Mint reported on Wednesday, citing a person aware of the matter. Private equity firm TPG-backed Nykaa s plans for an initial public offering comes after Burger King India, Mrs. Bectors Food and Mindspace Business Parks REIT saw good subscriptions and successful listings. Launched in 2012, Mumbai-based Nykaa grew popular by selling cosmetics and grooming products on its website and apps, before expanding into fashion, pet care and household supplies. The startup is working with advisers to prepare for a share sale in Mumbai, Bloomberg reported on Tuesday evening.