Page 2 - Institutional Investors

Realty firm Prestige Estates launches QIP to raise up to Rs 5,000 crore

Realty firm Prestige Estates Projects Ltd plans to raise up to Rs 5,000 crore by selling equity shares to institutional investors through private placement. The company on Thursday launched its Qualified Institutional Placement (QIP). A fundraising committee of the board approved the floor price for the QIP issue at Rs 1,755.09 per equity share. In July, the company had taken approval of its shareholders to raise capital by way of public or private offerings including through a QIP to eligible investors through an issuance of equity shares or other eligible securities for an amount not exceeding Rs 5,000 crore. Bengaluru-based Prestige Estates is one of the leading developers in the country, with a significant presence in the South India market. The company has entered Mumbai and Delhi-NCR markets as well. Recently, Prestige Estates Projects reported a 13 per cent decline in its consolidated net profit to Rs 232.6 crore in the June 2024 quarter on higher expenses. Its net profit

Sebi proposes mandatory maintenance of communication record for eight yrs

Markets regulator Sebi on Thursday proposed to make it mandatory for all entities regulated by it to maintain communication records, including acknowledgements, for at least eight years. The move is aimed at improving regulatory compliance, increase transparency, protect investors' interest and boost their confidence in the securities market. In its consultation paper, the regulator suggested that all entities regulated by it should maintain records of all required communications, including acknowledgements, for at least eight years as per their governing regulations. These records must be made available to Sebi upon request, ensuring transparency and accountability. The Securities and Exchange Board of India (Sebi) has sought comments on the consultation paper till September 13. Under the current regulatory regime, Sebi-regulated entities are mandated to communicate various types of information to numerous stakeholders. This enables a regular and timely disbursal of information t

93% institutional investors consider sustainability info essential: Study

However, it highlighted that there is a struggle to access trustworthy ESG data

Kotak MF's Nilesh Shah bats for restrictions on retail investors in F&O

Budget with BS: The Fine Print: 'Atithi Devo Bhava' is good for tourism not for financial markets; there should be no differential treatment, said Nilesh Shah, managing director of Kotak Mutual Fund

Strong institutional flows lift equity markets in July, shows data

India's market cap rises by Rs 25.5 trillion to Rs 463 ($5.5 trillion) in July

Investors beware! Four risks that can trigger a stock market correction

The faith in the market is at epic levels and may require something equally epic to break the faith. High or even bubble valuations are irrelevant for non-institutional investors, said a KIE note

Why are DIIs buying heavily ahead of Lok Sabha elections? Analysts weigh in

Between January and May 28, DIIs have purchased shares worth Rs 1.97 trillion. In May alone, DIIs bought shares worth Rs 44,952.16 crore

RBI allows standalone primary dealers to borrow in foreign currency

SPDs will open nostro account, a bank account with a foreign bank in the currency of the foreign country

Institutional money in real estate down 40% to $995 mn in Jan-Mar: Report

Institutional investments in real estate fell 40 per cent annually in January-March to USD 995.1 million because of a lower inflow of funds in office, residential, and warehousing assets, according to Colliers India. The institutional investments stood at USD 1,658.3 million in the year-ago period. Out of the total institutional investments, real estate consultant Colliers India highlighted that foreign funds contributed 55 per cent while domestic investors 45 per cent. As per the data, the institutional investments in the office fell 38 per cent to USD 563 million in January-March this year from USD 907.6 million in the corresponding period of the previous year. The residential segment witnessed a 72 per cent fall in investments to 102.6 million from 361.1 million. The inflow of funds in industrial & warehousing assets dipped 18 per cent to USD 177.7 million from USD 216.3 million. Alternate assets, which include data centres, life sciences, senior housing, holiday homes, studen

ICICI Securities delisting gets nod, setting up merger with ICICI Bank

Among public institutional investors, which own a total 16.68 per cent in the company, 83.8 per cent voted in favour of the delisting

Vodafone Idea to meet institutional investors in Singapore, Mumbai

The telecom operator is looking to raise Rs 45,000 crore through both debt and equity

D B Realty raises Rs 920 crore by selling shares to institutional investors

D B Realty on Thursday said it has raised Rs 920 crore by selling shares to institutional investors, including Morgan Stanley Asia, to fund its real estate projects and strengthen balance sheet. The company launched its Qualified Institutional Placement (QIP) issue on March 7 and the issue was closed on March 13. In a regulatory filing, the company informed that the board of directors approved the issue and allotment of 3,56,66,675 equity shares to qualified institutional buyers at the issue price of Rs 258 per equity share, aggregating to Rs 920 crore. The issue price was 4.75 per cent lower than the floor price of Rs 270.87 per equity share. The funds raised through the QIP route will provide the company an additional growth capital for its real estate projects and also bolster the balance sheet. "The QIP received the requisite response from global and domestic investors. The successful completion of the QIP reflects strong long-term fundamentals and investor confidence in the .

Anant Raj raises Rs 500 cr via issue of shares to institutional investors

Realty firm Anant Raj Ltd has raised Rs 500 crore through issuance of shares to institutional investors on a private placement basis to reduce debt and meet working capital requirements. In a regulatory filing on late Thursday, the company informed that it had launched Qualified Institutional Placement (QIP) on January 12 and closed on January 18. The Finance and Investment Committee approved the allotment of 1,68,91,891 equity shares to eligible qualified institutional buyers at the issue price of Rs 296 per equity share, aggregating to about Rs 500 crore. The shares have been issued to Tata Indian Opportunities Fund, Tata Mutual Fund-Tata ELSS Tax Saver Fund, Bofa Securities Europe, Aditya Birla Sun Life Insurance Company, Discovery Global Opportunity (Mauritius), Aditya Birla Sun Life Trustee, Mahindra Manulife Small Cap Fund, and Mahindra Manulife Business Cycle Fund. In November last year, Anant Raj Ltd planned to raise up to Rs 500 crore through issuance of securities to ...

Steel products manufacturer Goodluck India raises Rs 200 crore via QIP

Steel products maker Goodluck India Ltd on Thursday said it has raised around Rs 200 crore through issue of equity shares on Qualified Institutional Placement (QIP) basis. Its board on Wednesday approved the issue and allotment of 21,27,659 equity shares to Qualified Institutional Buyers (QIBs) at an issue price of Rs 940 per share at a premium of Rs 938 per share, aggregating to nearly Rs 200 crore, the company said in a statement. Goodluck India successfully raised nearly Rs 200 crore in the QIP round, it said. MC Garg, Chairman of Goodluck India, said, "The recently concluded round of fundraising is well in line with the company's growth strategy." The company also floated a wholly-owned subsidiary, Goodluck Defense and Aerospace Private Limited, which will cater to the extensive needs of the defence and aerospace industries. Goodluck India manufactures a wide range of engineered steel structures, precision/auto tubes, forging for defence and aerospace, CR (cold rolled) product

Institutional investments in Indian real estate fell to 5-year low in 2023

As foreign investors turned cautious, their investments in the sector fell 30 per cent in 2023 as compared to 2022

Shyam Metalics and Energy Limited raises Rs 1385 crore through QIP

City-based Shyam Metalics and Energy Limited (SMEL) announced that it has raised Rs 1,385 through Qualified Institutional Placement (QIP). The QIP Committee at its meeting approved the issue allotment of 24,051,165 equity shares of face value of Rs 10 each to 38 Qualified Institutional Buyers (QIBs) at an issue price of Rs 576 per equity share (including a premium of Rs 566 per share), the company informed bourses on Wednesday. The allotment completes our dilution as per minimum public shareholding requirements prescribed by SEBI, the company said. The company achieved a CAGR exceeding 15 per cent in the past and anticipated sustaining the same growth trajectory. Additionally, the company do not have any plans for additional dilution over the next few years, officials said. "The funds raised will bring down the working capital limits availed by the company from banks and we remain a net positive company as it is poised to become a net debt-free company to accelerate our growth ...

Institutional investors need to disclose about short sale of shares: Sebi

Markets watchdog Sebi on Friday said that institutional investors have to disclose upfront at the time of placing an order whether a proposed transaction is a short sale or not, a significant move aimed at curbing market volatility. The Securities and Exchange Board of India (Sebi) has made certain changes with respect to norms pertaining to short selling in the market. Short selling refers to selling a stock which the seller does not own at the time of trade. Both retail and institutional investors are permitted to short sell stocks. Amending a circular relating to short selling issued last year, Sebi said, "the institutional investors shall disclose upfront at the time of placement of order whether the transaction is a short sale". However, retail investors would be permitted to make a similar disclosure by the end of the trading hours on the transaction day. "The brokers shall be mandated to collect the details on scrip-wise short sell positions, collate the data and upload it

The governance imperative

In new-age companies with no promoters, institutional investors have a crucial role in shaping the board

Institutional investors betting big on Indian housing, investments up 71%

The share of domestic investors accounted for 71% of total institutional investments received in the July-September quarter: Vestian

Institutional investments in real estate down 21% in Jul-Sep: Colliers

Institutional investments in real estate declined 21 per cent in July-September period to USD 793.4 million due to lesser inflows in office assets, according to Colliers India. Institutional inflows stood at USD 1,002.1 million in the year-ago period. Real estate consultant Colliers India on Saturday released the data that showed a sharp fall of 89 per cent in investment in office assets to USD 79.1 million during July-September from USD 694.3 million in the corresponding period of last year. Funds inflows in mixed-use assets too dipped 73 per cent to USD 27.2 million during July-September period from USD 100.8 million in the year-ago period. However, the institutional investments in residential properties rose 47 per cent to USD 274.6 million in the third quarter of this calendar year from USD 187 million in the year-ago period. Industrial & warehousing assets attracted USD 340.3 million during July-September as against mere USD 20 million in the year-ago period. Investments in