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Welspun One Logistics Parks launches Rs 500 cr warehousing focused fund


Named Welspun One Logistics Parks Fund I” the fund is a SEBI-registered Category II AIF.
The fund has a target size of Rs 500 crore with a tenure of four years and a hurdle rate of 15 per cent. Welspun promoter family office has put in Rs 75 crore. The investment thesis of the fund is to acquire land parcels in high demand, pre-identified markets, and develop Grade-A warehousing parks which will be leased on a long-term basis to ‘AAA’ credit tenants from sectors such as e-commerce, FMCG, third-party logistics (3PLs), pharma and auto-ancillaries.
On completion, these assets would be divested to institutional investors including private equity, pension and sovereign funds, REITs, and so on to provide an exit and deliver the targeted returns to fund investors. ....

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Global fast-food chains are the new favourite of Indian stock markets


Global fast-food chains are the new favourite of Indian stock markets
After Burger King’s stellar debut, its stock has gone up by more than 141% from its offer price of Rs 60.
Mandel Ngan/AFP
As the Indian stock markets continue to rally, investors have found a new favourite: global fast-food chains.
Take for instance US-based Burger King. After the stellar debut on the bourse in December 2020, the company’s stock has gone up by more than 141% from its offer price of Rs 60.
Similarly, Mrs Bector, a premium biscuit and bakery items manufacturer which supplies buns to outlets of KFC, Burger King, Carl’s Jr and Westlife Development (which holds the franchise rights for McDonald’s in western and southern India), also received strong traction from investors. Its initial public offering was subscribed 198 times, and the stock now trades at around 48% premium to the IPO price of Rs 288. ....

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