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Realty firm Brigade Enterprises Ltd has reported 37 per cent increase in consolidated net profit at Rs 162.5 crore for the September quarter of this fiscal. Its net profit stood at Rs 118.98 crore in the year-ago period. Total income rose to Rs 1,429.86 crore in July-September FY26 from Rs 1,138.13 crore a year ago, according to a regulatory filing. "We are entering the second half of the fiscal year with strong tailwinds. We have a robust business development and launch pipeline across our key markets, as well as healthy leasing activity and growth in the hospitality business. Operational performance has also grown substantially since the prior year, and business sentiment remains positive," said Pavitra Shankar, Managing Director, Brigade Enterprises Ltd. Established in 1986, Brigade Group is one of India's leading property developers in the country. Brigade has developed many projects in Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Thiruvananthapuram, and GIFT City. It develo
Brigade Hotel Ventures Ltd has posted a consolidated net profit of Rs 7.16 crore in the first quarter of this fiscal. The company, which recently got listed on the stock exchanges after the successful Rs 760 crore IPO ( Initial Public Offering), had posted a net loss of Rs 5.78 crore in the year-ago period. Total income rose to Rs 125.03 crore in the April-June period of 2025-26 fiscal from Rs 102.20 crore in the corresponding period of the preceding year, according to a regulatory filing on Monday. Brigade Hotel Ventures Ltd, a subsidiary of realty firm Brigade Enterprise, has a portfolio of nine operating hotels across Bengaluru (Karnataka), Chennai (Tamil Nadu), Kochi (Kerala), Mysuru (Karnataka) and the GIFT City (Gujarat) with 1,604 keys. Commenting on the results, Nirupa Shankar, Managing Director, Brigade Hotel Ventures, said, "Our Q1 performance reflects the strength of our diversified portfolio and our ability to navigate market challenges while capturing new ...
Brigade Hotel Ventures Ltd, owner and developer of hotels in south India, on Wednesday raised Rs 325 crore from anchor investors, a day before its initial share-sale opening for public subscription. The anchor book saw participation from investors, including SBI Mutual Fund (MF), 360 One MF, Axis MF, Motilal Oswal MF, Bandhan MF, Edelweiss MF and Nuvama MF, according to a circular uploaded on the BSE's website. As per the circular, Brigade Hotel Ventures has allotted over 3.6 crore equity shares to 17 funds at Rs 90 apiece. This aggregates the capital raising to Rs 324.72 crore. The initial public offering (IPO) is scheduled to open on Thursday and conclude on July 28. The price band has been set at Rs 85 to Rs 90 per share. At the upper end of the price band, the company is valued at over Rs 3,400 crore. Brigade Hotel Ventures' IPO is entirely a fresh issue of equity shares worth Rs 759.6 crore with no offer-for sale (OFS) component. Proceeds from the issue to the tune of Rs 468
Brigade Hotel Ventures Ltd has raised Rs 126 crore by selling equity shares to 360 ONE Alternates Asset Management, ahead of its maiden public issue. Brigade Hotel Ventures is a subsidiary of Bengaluru-based real estate company Brigade Enterprises Ltd. In a statement on Friday, Brigade Hotel Ventures said it has "raised Rs 126 crore in a pre-IPO placement round." The company issued 1.4 crore equity shares to 360 ONE Alternates Asset Management Ltd (360 ONE) at Rs 90 per share. This transaction represents 4.74 per cent of the company's pre-offer share capital. According to the DRHP, the company's initial public offering (IPO) consisted of a fresh issue of shares aggregating up to Rs 900 crore. The company will use around Rs 480 crore to cut debt and Rs 107 crore to purchase land. The remaining proceeds will be to pursue inorganic growth. Brigade Hotel Ventures Ltd is one of the leading hospitality firms in South India. It entered into the hospitality business in 2004. The compan