NDR InvIT Trust, an InvIT, has acquired Grade A industrial and warehousing assets in Surat, Hyderabad, Bengaluru and Pune, for Rs 7.06 billion. The assets have over 2.1 million square feet of operational space and 100 per cent occupancy rates. The transaction is financed through a mix of cash and units issued. Of the total, Rs 5.65 billion is paid in cash and the remaining Rs 1.41 billion through a preferential issue of 11.01 million units at Rs 128 per unit.
Key Financings: Across sectors
Policy The Reserve Bank of India (RBI) has held its key repo rate steady after six consecutive hikes, citing it was closely monitoring the impact of recent global financial turbulence. It may contemplate additional rate […]
Connecting Corners: Policy reforms propel the satellite communications sector forward
The Indian satellite communications (satcom) market is experiencing rapid growth due to heavy investment in new satellite systems. The demand for satellite-based services, such as broadband internet and satellite television, is being propelled by the […]