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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. ....

Tamil Nadu , Tata Capital Financial Services , Omega Tc Sabre Holdings , Exchange Board Of India , Shriram Properties Ltd , Pte Ltd , Mauritius Investors Ltd , Shriram Properties , Exchange Board , Mauritius Investors , தமிழ் நாடு , டாடா மூலதனம் நிதி சேவைகள் , பரிமாற்றம் பலகை ஆஃப் இந்தியா , ஸ்ரீராம் ப்ராபர்டீஸ் லிமிடெட் , ட் லிமிடெட் , ஸ்ரீராம் ப்ராபர்டீஸ் , பரிமாற்றம் பலகை ,

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. ....

Milind Korde , Alok Saraf , Ananta Landwise , Rohan Khatau , Murali Malayappan , Navin Makhija , Kashish Bhutani , Abhishek Bansal , Ashok Mohanani , Shishir Baijal , T Chitty Babu , Anand Shukla , Uddhav Poddar , Krish Raveshia , Ashish Deora , Abhishek Jain , Rohit Gupta , Chintan Sheth , Reeza Sebastian , Farshid Cooper , Pacific Group Of Malls , Bhumika Group , Satellite Developers , Ashwin Sheth Group , Union Budget , Bhutani Group ,