Monetising Infra Assets

Prestige Estates plans to raise Rs 5,000 cr via QIP, monetise hotel biz

Realty firm Prestige Estates Projects Ltd plans to raise up to Rs 5,000 crore by selling shares to institutional investors and also monetise its hotel business. According to a regulatory filing on Friday, the company's board approved "raising of funds by way of issuance of equity shares or other eligible securities for an aggregate amount not exceeding Rs 5,000 crore by way of qualified institutional placement (QIP) or other permissible mode." The board also approved plans to "monetise assets of the hospitality segment through its arm Prestige Hospitality Ventures Ltd, by way of issue of shares (through primary or secondary or both)." All these decisions are subject to approval of shareholders. For monetisation of hospitality assets, the board has formed a sub-committee to oversee and structure the process. "The committee is tasked with the responsibility of ensuring compliance with all regulatory requirements, coordinating with advisors and underwriters, and making all necessary

TMS Ep469: JioBharat phone, Ajit Pawar's switch, durable stocks, NLMC

Will the Rs 999 JioBharat 4G phone disrupt the market? Has Ajit Pawar's switch dented opposition unity? How will poor sales impact durable stocks? What's National Land Monetisation Corp? Answers here

Govt asks BSNL and MTNL to identify low-value assets for monetisation

According to a report, the govt has asked these firms to identify core and non-core assets with a value of up to Rs 10 crore that can be monetised

Centre asks ministries, depts to identify new assets for monetisation

The report said the govt has been able to garner only Rs 33,443 crore in revenue from assets sale in the first 7 months

Infra assets worth over Rs 1.62 trn to be monetised this fiscal: FinMin

Infrastructure assets worth over Rs 1.62 lakh crore are expected to be monetised during the current fiscal, Parliament was informed

'The Ashok', 7 other ITDC hotels to be monetised in next 4 years

The Ashok and the adjacent Hotel Samrat are among the eight ITDC properties that have been listed in the National Monetisation Pipeline (NMP) released by Finance Minister Nirmala Sitaraman.

Govt begins asset sale process for BSNL and MTNL, hires consultancy firms

Feasibility report likely by July end

Govt identifying infrastructure assets to be monetised through InvIT route

Plan to monetise state-owned assets through InvITs was announced by FM Arun Jaitley in his 2018-19 budget speech

Why monetising infra assets is fraught with risks

Far from exercise in encouraging pvt investment, it may prove to be an attempt to boost govt coffers