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NEW DELHI: Shares of Smartworks Coworking Spaces Ltd on Thursday ended with a premium of over 9 per cent against the issue price of Rs 407. The stock listed at Rs 436.10, up 7.14 per cent from the issue price on the BSE. During the day, it surged 15.23 per cent to Rs 469. ...

Shapoorji Pallonji Real Estate (SPRE) will develop a 5-acre residential project in Pune with an estimated revenue of ₹800 crore as part of its expansion plan. The company has launched a 5-acre premium housing project ‘VANAHA Verdant’, comprising about 600 apartments. “Spread across 5 acres, the upcoming project will offer approximately 10 lakhs square ...

The Executive Centre is planning an initial public offering in Mumbai that may raise 26 billion rupees ($303 million), according to people familiar with the matter, to capitalize on the rising demand for workspace in the country. The flexible workspace manager has hired Kotak Mahindra Capital Co. and ICICI Securities Ltd. to arrange the ...

Ramky Infrastructure has successfully executed a Restructuring Exit Agreement (REA) with its lenders.  The company had earlier entered into a Restructuring Agreement (RA) on June 12, 2015, to reorganise a total debt of ₹3,859 crore, comprising both term loans and working capital facilities. The restructured term loans were fully repaid by June 2019. Subsequently, ...

NEW DELHI: WeWork India, a flexible workspace provider, has secured approval from the Securities and Exchange Board of India (SEBI) for initial public offering (IPO). The offering will be entirely through an offer for sale (OFS) route, with no fresh equity issue involved, as per the company’s draft red herring prospectus (DRHP). The IPO ...

NEW DELHI: The Rs 583-crore initial public offer of Smartworks Coworking Spaces Ltd garnered 13.45 times subscription on the closing day of bidding on Monday. The three-day IPO received bids for 13,99,08,852 shares against 1,04,01,828 shares on offer, as per NSE data. The portion for Qualified Institutional Buyers (QIBs) attracted 24.41 times subscription. Non-Institutional ...

Housing sales in Mumbai Metropolitan Region (MMR) and Pune together fell 30 per cent to 41,901 units during April-June period of this year as surge in prices dampened consumer demand, according to PropTiger. The combined housing sales in MMR and Pune, the two important property markets in Maharashtra, stood at 60,191 units in the ...