The acquisition will be financed through a combination of preferential issue of ₹950 crore at a price of ₹294.25 per unit, and a property level debt issue of ₹2910 crore at 6.78% per annum
1 min read18 Dec 2021Citigroup, Kotak Mahindra, Axis Capital were picked to join Morgan Stanley to arrange the listing of the assets as REIT in MumbaiDeliberations are ongoing and more banks can be added to the lineup. Details of the offering could also be changed, the report said
1 min read17 Oct 2019Blackstone and local partner Embassy Group selected firms including Bank of America, Morgan Stanley, Kotak Mahindra Bank and JPMorgan Chase
1 min read26 Jul 2018Equitativa feels India presents the right opportunity for REITs, given that the Indian economy is doing well and regulations around the asset class are conducive
2 min read5 Apr 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared