Stay updated with breaking news from Select Trust. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The companys retail leased occupancy improved by 120 basis points from a year ago. Indias first listed retail REIT has signed a non-binding term sheet to acquire three Grade-A consumption centres in southern India.
Nexus Select Trust REIT: Nexus Select Trust achieved net operating income of Rs 389.70 crore and raised Rs 2,250 crore during the quarter at an average interest cost of 8.2% (vs 8.5% in projections) achieved interest savings of ~50 bps / ~Rs 11 crore per annum.
Anand Rathi has initiated the coverage on TD Power Systems with a 'Buy' rating. It has set a target of Rs 312 on the stock based on 31.4 times FY25 earnings.
The primary market in India has experienced a weak first half with only eight companies launching IPOs, leading to earnings of Rs 5,800 crore. This is an 85% YoY drop compared to the same period in 2018. Inflation uncertainty and high interest rates made investors wary in the opening months, but sentiment picked up towards the close of H1. Mankind Pharma raised Rs 4,300 crore in its IPO, which was the largest issue launched by a drug maker since Gland Pharma in 2017. Analysts predict the remainder of the year will fare better than H1.
Legal Entity Identifier: LEI: 549300JZQ39WJPD7U596 Invesco Select Trust plc HEADLINE: Compliance with Market Abuse Regulation Invesco Select Trust plc (the