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.
Regulatory Roadblocks: CGD segment needs conducive environment to facilitate growth
The Petroleum and Natural Gas Regulatory Board (PNGRB), which came into existence in 2007, was empowered to authorise natural gas pipelines and city gas distribution (CGD) networks under Section 16 of the PNGRB Act in […]
Dalmia Cement signs agreement to acquire 26 per cent stake in Solis Urja Energy
Dalmia Cement (Bharat) Limited, a wholly owned subsidiary of Dalmia Bharat Limited, has signed a share subscription and shareholders agreement to acquire a 26 per cent equity stake in Solis Urja Energy Private Limited for […]
Views of Captain S. Divakar: “DCI has long served as the backbone of India’s dredging industry”
India’s maritime sector is a vital driver of economic growth, anchored by over 11,000 km of coastline, 12 major ports, and more than 200 minor and intermediate port facilities. Nearly 90 per cent of the […]