Bidya Sapam
Stories by Bidya Sapam
Lodha Developers raises $200m via bond sale to refinance debt
The company said the proceeds of the issue would be used to fully repay its outstanding $324 million senior notes due on March 13, 2020.
India: Binny Bansal plans to focus on mentoring and investing in startups
Binny Bansal said he wants to apply his learnings from the Flipkart journey to guide upcoming startups.
India: CCI allows Fab Hotels to join probe against GoIbibo, MakeMyTrip
MakeMyTrip and Goibibo have been accused of alleged anti-competitive practices.
India: Large property developers lap up land parcels in distress sales
Over the past two years, land prices have fallen by up to 50% in Delhi-NCR, and 10-15% in Mumbai and Pune.
India’s Mindspace REIT hits a roadblock after budget proposal
The Mindspace Business Park REIT slated for March was expected to raise ₹1,000 crore by selling new shares.
India: DMart looks to raise up to $575m through QIP to fund business expansion
The funds will also be used for strategic investments or acquisitions as well as to repay loans.
India: Grofers hires 4000 people to support ongoing sales bonanza
The Soft Bank-backed online grocery firm has ramped up headcount to support its ongoing nine-day biannual grocery sales bonanza.
GMR forms JV with ESR to build logistics park in Hyderabad for $77m
Warburg Pincus-backed ESR has been on an expansion spree in India for the last 12 months.
Pallonji Real Estate to set up $600m warehousing investment platform
The investment platform plans to deploy around $150 million within the next two years.
India: Lodha Group in race to raise funds to meet debt obligations
With $325 million debt maturing by March, the group has been reaching out to overseas investors to raise funds.
