Page 2 - Institutional Investors

Steel products manufacturer Goodluck India raises Rs 200 crore via QIP

Steel products maker Goodluck India Ltd on Thursday said it has raised around Rs 200 crore through issue of equity shares on Qualified Institutional Placement (QIP) basis. Its board on Wednesday approved the issue and allotment of 21,27,659 equity shares to Qualified Institutional Buyers (QIBs) at an issue price of Rs 940 per share at a premium of Rs 938 per share, aggregating to nearly Rs 200 crore, the company said in a statement. Goodluck India successfully raised nearly Rs 200 crore in the QIP round, it said. MC Garg, Chairman of Goodluck India, said, "The recently concluded round of fundraising is well in line with the company's growth strategy." The company also floated a wholly-owned subsidiary, Goodluck Defense and Aerospace Private Limited, which will cater to the extensive needs of the defence and aerospace industries. Goodluck India manufactures a wide range of engineered steel structures, precision/auto tubes, forging for defence and aerospace, CR (cold rolled) product

Institutional investments in Indian real estate fell to 5-year low in 2023

As foreign investors turned cautious, their investments in the sector fell 30 per cent in 2023 as compared to 2022

Shyam Metalics and Energy Limited raises Rs 1385 crore through QIP

City-based Shyam Metalics and Energy Limited (SMEL) announced that it has raised Rs 1,385 through Qualified Institutional Placement (QIP). The QIP Committee at its meeting approved the issue allotment of 24,051,165 equity shares of face value of Rs 10 each to 38 Qualified Institutional Buyers (QIBs) at an issue price of Rs 576 per equity share (including a premium of Rs 566 per share), the company informed bourses on Wednesday. The allotment completes our dilution as per minimum public shareholding requirements prescribed by SEBI, the company said. The company achieved a CAGR exceeding 15 per cent in the past and anticipated sustaining the same growth trajectory. Additionally, the company do not have any plans for additional dilution over the next few years, officials said. "The funds raised will bring down the working capital limits availed by the company from banks and we remain a net positive company as it is poised to become a net debt-free company to accelerate our growth ...

Institutional investors need to disclose about short sale of shares: Sebi

Markets watchdog Sebi on Friday said that institutional investors have to disclose upfront at the time of placing an order whether a proposed transaction is a short sale or not, a significant move aimed at curbing market volatility. The Securities and Exchange Board of India (Sebi) has made certain changes with respect to norms pertaining to short selling in the market. Short selling refers to selling a stock which the seller does not own at the time of trade. Both retail and institutional investors are permitted to short sell stocks. Amending a circular relating to short selling issued last year, Sebi said, "the institutional investors shall disclose upfront at the time of placement of order whether the transaction is a short sale". However, retail investors would be permitted to make a similar disclosure by the end of the trading hours on the transaction day. "The brokers shall be mandated to collect the details on scrip-wise short sell positions, collate the data and upload it

The governance imperative

In new-age companies with no promoters, institutional investors have a crucial role in shaping the board

Institutional investors betting big on Indian housing, investments up 71%

The share of domestic investors accounted for 71% of total institutional investments received in the July-September quarter: Vestian

Institutional investments in real estate down 21% in Jul-Sep: Colliers

Institutional investments in real estate declined 21 per cent in July-September period to USD 793.4 million due to lesser inflows in office assets, according to Colliers India. Institutional inflows stood at USD 1,002.1 million in the year-ago period. Real estate consultant Colliers India on Saturday released the data that showed a sharp fall of 89 per cent in investment in office assets to USD 79.1 million during July-September from USD 694.3 million in the corresponding period of last year. Funds inflows in mixed-use assets too dipped 73 per cent to USD 27.2 million during July-September period from USD 100.8 million in the year-ago period. However, the institutional investments in residential properties rose 47 per cent to USD 274.6 million in the third quarter of this calendar year from USD 187 million in the year-ago period. Industrial & warehousing assets attracted USD 340.3 million during July-September as against mere USD 20 million in the year-ago period. Investments in

Brookfield India REIT raises Rs 2,305 cr through sale of units to investors

Brookfield India Real Estate Trust has raised Rs 2,305 crore by selling units to institutional investors on private placement basis and will mainly use this fund for acquisition of two assets in Gurugram and Mumbai. In a regulatory filing, Brookprop Management Services Pvt Ltd, which is manager to Brookfield India REIT, informed that the issue committee has approved the allotment of 9,13,01,349 units to 64 successful eligible institutional investors, at the issue price of Rs 252.50 per unit. The names of investors were not disclosed. The issue price includes a discount of Rs 13.29 per unit (which is 5 per cent) on the floor price of Rs 265.79 per unit. "Pursuant to the allotment of the units in the issue, 42,63,88,422 units are issued and outstanding," the filing said. Brookfield India Real Estate Trust (Brookfield India REIT) had opened the issue on July 27 for receiving bids. Last month, the unitholders had approved raising of funds through an institutional placement of units n

Institutional investors vote against Siemens's sale of motors business

Nearly 78.5 per cent of the public institutional investors voted against the deal

Byju's 'regularly disregarded' advice on key matters, says Prosus

Exited Byju's board because of poor corporate governance, says edtech firm's biggest investor

Institutional inflows in residential sector up 385% in H1 of 2023: Colliers

Another asset class that saw high growth in the flow of money was office assets which saw a 145% jump in inflows in the first half of 2023 to $2.719 billion

ESOPs to board changes: Advocacy by institutional shareholders surges 44%

Types: Most number of resolutions related to 'Board Changes' at 6,138. This was followed by resolutions relating to the auditors, remuneration and financial results.

'Against' votes by institutional investors surged to 6.31% in 2022

Others'-non-promoters and non-institutional investors-- polled just 29.01 per cent of their shares, an improvement over 26.31 per cent in the previous year

Green debut

Green bonds can help lower borrowing cost

Adani Enterprises allots Rs 5,985-cr worth shares to anchor investors

Maybank, ELM Park large buyers in anchor category of FPO; MFs abstain

Indian realty got $5.2 bn institutional investment in 2022, up 19%: Study

Warehousing, data centres will attract institutional investments in 'years to come', says JLL

Institutional investments in retail real estate jump 6-fold in 2022: Rpt

Institutional investments in retail real estate jumped over six fold to USD 492 million in 2022, as businesses in shopping malls revived strongly post the COVID pandemic, according to Colliers India. In 2021, the retail real estate had attracted only USD 77 million institutional investments because of an adverse impact of the COVID pandemic on the businesses in shopping malls. Overall, Colliers said that the institutional investments in the Indian real estate sector grew 20 per cent in 2022 to touch USD 4.9 billion from USD 4.08 billion in the previous year. Alternate asset classes, which includes data centres, received an investment of USD 867 million last year, up 92 per cent from USD 453 million in 2021. Alternate assets include data centres, life sciences, senior housing, holiday homes, and student housing among others. The growth of alternate assets is led by investors looking to diversify their portfolio, given steady returns in some traditional asset classes, Colliers India

KFin Technologies IPO subscribed 2.6 times on concluding day of issue

KFin Technologies first considered launching a Rs 2,400-crore IPO but reduced the issue size to Rs 1,500 crore to align with market conditions

KFin Technologies IPO subscribed 0.70 times on Day 2, issue closes Wed

Financial services firm provides services and solutions to asset managers and corporate issuers

Softbank halves stake in Policy Bazaar parent, mops up Rs 1,043 crore

Sells 22.84 million shares, or 5.08% stake, at Rs 456.4 apiece; 30 institutional investors among buyers