Samhi Hotels has raised Rs 616.54 crore from anchor investors before its initial share sale. The company has allocated equity shares to 35 entities at an average price of Rs 126 apiece. Anchor investors include SBI Mutual Fund, Aditya Birla Sun Life MF, ICICI Prudential MF, and Tata MF. The IPO comprises fresh issuance of equity shares worth up to Rs 1,200 crore and an Offer For Sale of up to 1.35 crore shares. Samhi Hotels acquires/builds primary hotels and currently owns 4,800 keys across 31 operating hotels.
This global gemstone trading centre is expected to house 1,500-2,000 units - coloured gemstone and jewellery units, labs, banks, insurance, logistics, and security service providers among others.
: Reliance Retail Ventures Ltd, the retail business of Mukesh Ambanis Reliance Industries Ltd, is looking to raise Rs3,048 crore through an infrastructure investment trust (InvIT) of its warehousing and logistics infrastructure assets, shows a draft document filed with Sebi.
Sterlite Power on Wednesday said it has acquired Fatehgarh III Beawar Transmission, a special purpose vehicle, from PFC Consulting Limited. PFC Consulting Limited (PFCCL) is a wholly-owned subsidiary of Power Finance Corporation Limited under the Ministry of Power.