Shares of TPI Composites, Inc. (TPIC) are up 74% on Thursday after announcing a binding agreement with Oaktree Capital Management, L.P. to refinance the latter's outstanding Series A Preferred Stock holdings in the Company.
The Bengaluru-based real estate firm plans to invest about Rs 7,000 crore over the next seven years to develop 25 million square feet of residential assets across Bengaluru and enter the plotted development segment, he said.
Mayor Adams’ former chief of staff, Frank Carone, has inked a consulting deal with Related Companies, one of the biggest players in the city’s real estate sector — a development that has good-government advocates concerned about the potential for influence peddling. Carone, who worked as one of Adams’ top lieutenants for a year before leaving to launch his Oaktree Solutions consulting firm, .