Tag: Bengaluru

Embassy REIT raises Rs 2,600 crore via debentures to refinance existing debt

NEW DELHI: Embassy Office Parks REIT on Friday said it has raised Rs 2,600 crore through issue of non-convertible debentures to refinance an existing debt of its IT park ‘Embassy TechVillage’ in Bengaluru. In a regulatory filing at BSE, the company said it has “successfully priced and allotted by way of a private placement, Rs […]

First Covishield consignment leaves Serum Institute for 13 locations

NEW DELHI: A decisive phase in India’s fight against coronavirus began in the wee hours on Tuesday as the first consignment of Covishield vaccines left Serum Institute of India for Pune airport, four days ahead of the nationwide inoculation drive launch. Three temperature-controlled trucks rolled out of the Serum Institute gates shortly before 5 am […]

Overall sales now trending very close to usual times, says D-Mart

NEW DELHI: Avenue Supermarts Ltd, which owns and operates the supermarket chain D-Mart, on Saturday said its overall sales and sales mix are now trending very close to usual times, though the consumption changes post COVID-19 still persists. Lesser trips and higher basket values continue to be the norm and products such as apparel, laundry, […]

Embassy REIT raises Rs 3,680 crore to fund acquisition of Embassy Tech Village

NEW DELHI:Embassy Office Parks REIT has raised Rs 3,680 crore (USD 501 million) through sale of units to institutional investors and will use this amount to partly fund its acquisition of IT park ”Embassy TechVillage” in Bengaluru. Embassy REIT is India”s first publicly-listed REIT (Real Estate Investment Trust) sponsored by Blackstone and Embassy group. It […]

Prestige Group to invest Rs 2,000 crore on 4 new housing projects in Bengaluru, Hyderabad and Goa

NEW DELHI: Realty firm Prestige Estates Projects Ltd will develop four new housing projects in Bengaluru, Goa and Hyderabad with an investment of nearly Rs 2,000 crore amid recovery in demand for residential properties. The Bengaluru-based company will develop nearly 3,400 housing units in these four projects over the next three and half years. “We […]

Embassy REIT to acquire business park in Bengaluru for Rs 9,782 crore

NEW DELHI :Embassy Office Parks REIT on Tuesday said it has agreed to acquire a large business park ”Embassy TechVillage” in Bengaluru from realty firm Embassy group, Blackstone and some other investors for Rs 9,782.4 crore. Embassy REIT is India”s first publicly-listed REIT (Real Estate Investment Trust) sponsored by Blackstone and Embassy group. It got […]

Prestige, Brigade group partner to build mall, hotel project in Bengaluru

NEW DELHI: Realty firm Prestige Estates Projects Ltd has partnered with Brigade group to jointly develop a commercial project, comprising a shopping mall and a hotel, in Bengaluru at an estimated construction cost of around Rs 500 crore. The two leading developers have jointly taken a 7.5-acre land on a 99-year lease located at Old […]

SpiceJet to start daily flights to Darbhanga from Delhi, Mumbai, Bengaluru

NEW DELHI: SpiceJet on Monday announced the launch of daily flight services connecting Darbhanga with key metros of Delhi, Mumbai and Bengaluru starting November 8. Darbhanga, which was bagged by SpiceJet under UDAN -II, will be the airline’s 13th destination under the Centre’s Regional Connectivity Scheme and 55th destination on the airline’s domestic network. “SpiceJet […]

Delhi court orders attachment of Vijay Mallya’s properties in Bengaluru

NEW DELHI: A Delhi court on Thursday ordered attachment of liquor baron Vijay Mallya’s properties in Bengaluru in a case relating to FERA violations. Chief Metropolitan Magistrate Deepak Sherawat issued fresh directions after the Bengaluru Police, through ED’s special public prosecutor N K Matta and advocate Samvedna Verma, sought more time to execute its earlier […]

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