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Dalmia Nisus Finance invests about Rs 80 cr in 2 realty projects

Dalmia Nisus Finance invests about Rs 80 cr in 2 realty projects
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India: Shriram Properties files draft papers to raise $107m via IPO

Shriram Properties files draft prospectus for ₹800-cr IPO

Company says issue proceeds to be utilised for paring debt Shriram Properties Ltd. (SPL), a realty firm focussed on the mid-market and affordable housing categories, filed a draft red-herring prospectus with the Securities and Exchange Board of India to raise about ₹800 crore through an initial public offering (IPO). The IPO would comprise a fresh issue of ₹250 crore and an offer for sale (OFS) of up ₹550 crore by current shareholders and promoters. The OFS would comprise sale of shares worth ₹147.1 crore by Omega TC Sabre Holdings, ₹13 crore by Tata Capital Financial Services, ₹148.9 crore by TPG Asia SFV Pte Ltd., ₹216 crore by WSI/WSQI V (XXXII) Mauritius Investors Ltd. and ₹25 crore by other selling shareholders, said SPL.

Union Budget 2021: India s realty sector nearly cripples for want of liquidity as FM spurs hope

The real estate industry, passing through a protracted recession even before the pandemic which worsened it manifold FP Staff February 03, 2021 22:05:49 IST The real estate sector is confronting crippling liquidity for a long time. A relaxation in norms for raising capital, tax incentives for home buyers, reduction in housing finance cost through preferred interest rates, continuing subsidies under Pradhan Mantri Awas Yojana (PMAY), and paving the road for the quick availability of Alternate Investment Funds (AIF) are some of the relief measures the sector expects. These initiatives will put more money in buyers’ and developers hands, stoking the revival in the sector.

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