Embassy REIT seeks unitholders' approval to raise up to Rs 8,000 crore
Fri, Dec 11, 2020 9:17 PM

Embassy REIT seeks unitholders' approval to raise up to Rs 8,000 crore

A Flip by Flipitnews
Get it on Google Play
Embassy Office Parks REIT's unitholders validated plans to raise up to Rs8kcrore through sale of units to institutional investors, mainly to fund its big-ticket acquisition of 'Embassy TechVillage' in Bengaluru. Embassy REIT is India's first publicly-listed REIT backed by Blackstone and Embassy group. It became listed on stock exchanges last year.

More great flips

Five Star Business Finance forecasts 30% loan growth for FY25

Five Star Business Finance forecasts 30% loan growth for FY25

Chennai-based Five-Star Business Finance, based in Chennai expects its loan book to grow 30% in the current financial year (FY25). Total disbursements for January-March period grew 20% to ₹1,336 crore from ₹1,110 crore last year. Lakshmipathy Deenadayalan, Chairman and Managing Director of the non-bank finance company (NBFC) said, “I don't see any kind of weakness, both in loan growth as well.

Open Flip
Coforge to acquire 54% stake in Cigniti Technologies at Rs 1,415 per share

Coforge to acquire 54% stake in Cigniti Technologies at Rs 1,415 per share

Coforge's board of directors have approved the acquisition of a 54% stake in Cigniti Technologies at a per share price of Rs 1,415, the company on Thursday said in its filing to the exchanges. The acquisition process is expected to be completed by Q2FY25.Coforge has agreed to enter into a share purchase agreement with the promoters and select public shareholders of Cigniti subject to execution.

Open Flip
Lemonade Just Gave Investors Great News -- Should You Buy the Stock?

Lemonade Just Gave Investors Great News -- Should You Buy the Stock?

Lemonade (NYSE: LMND) beat analyst estimates on both the top and bottom lines, but the big story is that the company is showing investors a clear path to profitability. In this video, I'll discuss the numbers and why Lemonade's updated profitability timetable is such a big deal.*Stock prices used were the afternoon prices of May 1, 2024. The video was published on May 1, 2024.

Open Flip

Join our Smart Investment Community

More than 1 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon