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NSE-listed NDR InvIT Trust on Monday announced the acquisition of MLG Warehousing and Industrial Park in Lucknow, Uttar Pradesh, valued at Rs 143.9 crore. The Grade-A warehousing asset spans approximately 4.63 lakh sq ft of leasable area and is built on around 21 acres of land, and marks its strategic entry into Lucknow's logistics market, NDR InvIT said. The warehouse is currently 98 per cent occupied and leased to leading clients across FMCD, third-party logistics, retail, and paint sectors, the platform said. Located in Lucknow, along the NH 30 (Lucknow-Raebareli Road) corridor, the warehouse has seamless connectivity, while its location on the southern periphery of the city ensures efficient access to key consumption and industrial hubs across neighbouring districts, it added. The acquisition is aligned with NDR InvIT's strategy of expanding its pan-India logistics portfolio through the acquisition of high-quality, income-generating assets in key consumption markets, the compan
Markets regulator Sebi has notified rules to reduce the minimum allotment lot in the primary market for privately placed infrastructure investment trusts (InvITs) to Rs 25 lakh, aligning it with the trading lot size in the secondary market. Prior to this, the minimum allotment lot in the primary market for privately placed InvITs was Rs 1 crore or Rs 25 crore, depending on the asset mix. However, in an earlier round of reforms, the trading lot size in the secondary market had already been reduced to Rs 25 lakh, irrespective of the asset mix. Accordingly, this amendment introduces a uniform minimum allotment size of Rs 25 lakh in the primary market for all privately placed InvITs, harmonizing it with the secondary market norms. Also, the regulator, through separate notifications dated September 1, enhanced the ease of doing business for the activities of Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs) by amending rules. Under the norms, Sebi sai