Aneesh Sivakumar

Prestige Estates is making remarkable strides in reducing debt and expanding its portfolio, having raised ₹5,000 crore through a Qualified Institutional Placement (QIP). Under the visionary leadership of Irfanbhai, the company plans to allocate ₹1,500 crore for debt reduction and ₹1,750 crore for land acquisition. The remaining funds will be directed toward capex projects and general corporate purposes. This move is set to fuel Prestige's growth. It aims to invest ₹16,000 crore over the next five years to develop 50 million square feet of residential assets in major cities like Mumbai, Bangalore, Pune, and Delhi-NCR. Additionally, Prestige is focusing on its hospitality portfolio, planning to double it by FY28 with an investment of ₹1,700 crore. The company's exit rental income from office and retail segments for FY24 stood at ₹933 crore, with a target of ₹3,933 crore by FY28. Irfan Razack's leadership continues to propel Prestige Estates to new heights. The company projects a 15-20% growth in its top-line sales of ₹21,000 crore in FY24. His ability to strategically manage growth and expansion positions Prestige as a market leader in the real estate sector. I am proud to be associated with Prestige as a resolution professional for the Ariisto Project at Mulund, which Prestige took over. Due to the resolution, Prestige Township is taking shape in Mulund. More than 500 homebuyers are finally getting their homes after a decade-long delay, and Financial creditors are getting their dues. The Project adds an economic value of more than Rs10 k crores. This prestigious project resolved under the IBC is a testament to the resolution process and Irfanbhai leadership's power to deliver value to stakeholders. Prestige Group Incorp Restructuring Services LLP (IPE) Insolvency & Bankruptcy Board of India (IBBI)

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*Business News Headlines* *Economic Times* Ø Adani gets NCLT nod for ₹4,101 Crore Lanco Amarkantak Power acquisition Ø Blackstone-owned International Gemological Institute files papers for Rs 4,000 Crore IPO Ø Centre urges states to adopt new tech initiatives for better farm data Ø Euro zone business activity gets boost from Olympics, PMI shows Ø Dabur signs MoU with Tamil Nadu government to set up its first manufacturing unit in South India Ø Wipro Hydraulics opens Rs 250 Cr manufacturing facility in Jaipur Ø India's steel sector's tech investment likely to hit $2.7 Bn by 2030: Report Ø InvestorAi secures Rs 80 Crore in equity funding from Ashish Kacholia Ø Hangyo Ice Cream raises Rs 211 Crore from Faering Capital Ø Formal job creation under ESIC up 6.9% to 2.16 Million in June: Payroll data *Business Standard* Ø Bajaj Auto gets DVA certificate for all 15 Electric vehicle models Ø Govt open to resolve $3.9 Billion tax dispute with Infosys, says report Ø Hindalco expansion plan entails $10 Billion investment, says KM Birla Ø ONDC integrates nine LSPs, three lenders to extend credit to customers Ø Warburg Pincus to sell entire 9.17% stake in Kalyan Jewellers India Ø LIC Housing Finance raises Rs 1,050 Crore through 5-year bond at 7.75% Ø BC Jindal Group lines up green energy foray with $2.5 Bn investment Ø Wipro extends relationship with John Lewis Partnership for 4 years Ø Opkey raises $47 Million in Series B funding led by PeakSpan Capital Ø Flipkart-backed super money aims to be among top five on UPI leaderboard Ø Softer rise in manufacturing output slows flash PMI to 60.5 in August Ø CBDT forms committee to review I-T Act, 'sunset' clauses to be eliminated Ø Govt bans 156 fixed dose combination drugs over health risk concerns *Financial Express* Ø Railway freight up 5% in Q1; freight charges to come down to maintain growth rates Ø India emerges top talent magnet as global job searches surge 60% Ø Sebi comes down hard on RIAs giving trading calls Ø Ambuja promoters to raise $500 Mn through sale of 2.84% Stake Ø RBI streamlines payments, allows instant auto top-ups for FASTag and NCMC Ø DGCA suspends approval for Bhopal-based International Aircraft Sales following safety audit Ø ERP testing startup Opkey raises $47 Million in Series B round from PeakSpan Capital, existing investors Ø Yuma Energy crosses 1 Million monthly battery swaps in 18 months *Mint* Ø MUFG invests additional $334 Million in DMI Finance Ø Zomato to shut down intercity ‘Legends’ services with immediate effect Ø India calls for united African stance on WTO reforms and key Global issues Ø GAIL, US-based Petron to form JV for Bio-Ethylene plant Ø Govt likely to discontinue sovereign Gold bond issue: Report Ø Budget Carrier AirAsia Gets $443 Million Private Credit Funding Ø Birla Fertility acquires BabyScience in ₹500-cr push for 100 IVF clinics by FY28

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📍 Mumbai-based proptech startup, JUSTO Realfintech, has secured $7 million (₹58.8 Cr) in a strategic investment from Arbour Investments. 💰 Investment Breakdown: $5 million in equity $2 million in debt 🔍 Key Highlights: Growth Plan: JUSTO will use the funds to accelerate growth and expand market presence. Strategic Partnership: Arbour Investments will leverage JUSTO’s expertise in the mid-ticket property segment and enhance project management capabilities. 🌟 Impact: This partnership positions JUSTO for significant growth and provides Arbour with an opportunity to tap into a robust client base. #PropTech #RealEstate #Investment #Growth #Partnership #Startups #Funding #Equity #Debt #ArbourInvestments #JUSTORealfintech #MarketExpansion #ProjectManagement #MumbaiStartups #TechInvestment #Innovation Pushpamitra (Pushp) Das Chirag Mehta JUSTO Realfintech Pvt. Ltd. Arbour Investments Nitin Pardeshi Avishkar Jopulkar Arjun Chalana Robert Lobo Dattaprasad S

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Today's Headlines from : *Economic Times* 📝 M&M looks to drive into South East Asia market, ramp up in South Africa 📝 Goldman Sachs buys 7.4 lakh shares in India Shelter Finance for Rs 56 crore via block deal 📝 Shapoorji Pallonji group's firm Afcons Infrastructure, 4 others get Sebi's nod to float IPOs 📝 Rate cut to be based on long-term inflation trajectory: RBI Governor 📝 Mercedes-Benz expands EV lineup in India amid growing demand 📝 JK Tyres board approves merger of Cavendish Industries 📝 Companies pledge Rs 32.5 lakh crore investments by FY30 📝 EoI floated for coal gasification tech for Rs 13,000cr project by CIL-GAIL JV 📝 Infosys, Wipro to start fintech hubs in GIFT City’s IFSC under Techfin framework 📝 MeitY unveils second cohort of Samridh scheme for startups 📝 Bizongo carves out BizongoFin, BizongoBuy as new businesses with senior appointments *Business Standard* 📝 LIC appoints Infosys to build NextGen platform as part of DIVE programme 📝 Adani, Wilmar likely to start stake sale in joint venture from October 📝 Hinduja group firm to raise Rs 3,000 crore as debentures to fund RCap buy 📝 Microsoft announces Wave 2; AI integrated across all Microsoft 365 products 📝 Poly Medicure to deploy Rs 1,000 cr fundraise for capex, future buys 📝 E-commerce firms Flipkart, Amazon to host flagship sales from September 27 📝 Rel Infra to consider raising long-term capital; board meeting on Sept 19 📝 RPower secures 500 MW storage contract marking entry into renewable energy 📝 DGGI suggests info-sharing with foreign governments, blocking websites 📝 Rs 42,300 cr loans given since launch of account aggregator framework 📝 Indian companies file ECB plans worth $3.58 billion in July 2024 📝 Nipah virus strikes back for the sixth time, Kerala on high alert 📝 Monsoon dampens diesel sales for retailers in early September, shows data 📝 Banks, FIs to invest Rs 32.5 trillion in renewable energy by 2030: Centre *Financial Express* 📝 Lenders pledge $386-billion support to green energy 📝 Torrent Power to invest Rs 64,000 crore in renewable energy projects with potential to employ 26,000 people 📝 SEBI fast-tracks credit, trading of bonus shares to T+2 days 📝 Govt to float new company for start-up promotion 📝 Creeping acquisitions, deals aimed at gaining control of startups to face CCI scrutiny 📝 SJVN to list RE arm after NTPC Green IPO *Mint* 📝 US offers $1.56 bln conditional loan for Indiana ammonia facility 📝 Central government's capex expenditure picking up after slow Q1: Sitharaman 📝 E-way bills surge to an all-time high in August 📝 Mumbai-based Fabtech Technologies files draft papers for IPO with SEBI 📝 Carlyle Revives IPO Plans for Chemical Firm Nouryon 📝 US dollar hits more than one-year low versus yen as market eyes aggressive Fed rate cut

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Property Share becomes the first SM REIT to file a DRHP for a scheme. Key Highlights: 1. Fund Raise Size - INR 353 Cr 2. Asset - Prestige Tech Platina, Bangalore 3. Expected Yield - 9% (FY26) 4. Management Fees - Investment Manager to take max 0.3% of Fund Raise as fees, first year is waived 5. Acquisition Fees - 1.5% Shall be keenly following this one, as it will set the template for other SM REITs in pipeline. Another key aspect is how the cost structures stack up for the manager in comparison to the main REITs, given that Property Share manager entity has backing of some marquee investors. https://lnkd.in/dQV7txY5

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In Case You Missed It: A Record ₹43,000 Crore Merger Will Shake Up Indian Healthcare 💥 Aster DM Healthcare has announced a ₹43,000 crore merger with Blackstone-backed Care Hospitals, reshaping the Indian healthcare landscape 🚑 Key Metrics Post-Merger: 1️⃣Hospital Network: The combined entity will operate 38 hospitals, making it one of the largest networks in the country. 2️⃣Bed Capacity: Bed strength will increase to 13,300 by FY27, addressing growing demand for healthcare services. 3️⃣Revenue Scale: With a combined annual revenue of approximately ₹7,314 crore, the merger strengthens the financial position of the new entity. Based on the swap ratio recommended in the valuation report, the Aster promoters will hold 24 per cent and Blackstone 30.7 per cent in the merged entity with the balance 45.3 per cent held by the public and other shareholders. Why This Merger Matters❓ Formation of a "Big Three": The combined Aster-Care entity joins Apollo Group and Manipal Hospitals in dominating the sector. This consolidation intensifies competition for smaller hospital chains, which may struggle to keep up with the scale and resources of the larger players. This merger is not just about adding hospitals or beds but about creating a competitive healthcare giant capable of shaping the industry's future. It will likely push competitors to either consolidate further or innovate to maintain their positions in the market. What are your thoughts? 💭 P.S Check out Rupee Rundown, my daily finance newsletter for the best curation of Indian finance news, delivered straight to your inbox every day at 8am ⏰ https://lnkd.in/gjnci75k

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It seems that every other day we hear of Private Equity taking control of a company in India, especially in the Healthcare Sector, which has been on their cards for long - both Single and Multi Specialty. 💊 🏥 Multi Specialty: - Manipal Hospital - Temasek - KIMS Health - Blackstone - Max Hospitals - KKR - Apollo Hospitals - Advent 👨‍⚕️ Single Specialty: - Indira IVF - Baring PE - Baby Memorial Hospital - KKR - Dr. Agarwal's Health Care - Temasek and TPG And many more like Nephroplus, Cloudnine, Motherhood Hospitals, Sahyadri Hospitals, Ujala Cygnus, etc. Opportunity for PE? 📈 Well, they have identified a gap in the Healthcare sector - India’s Healthcare sector has a lot of potential with a population of 1.4 billion people and rising awareness post-COVID. Yet, the number of beds per 1,000 patients is only 0.6 as of 2021 (National Health Profile 2021) as compared to the WHO recommended 3 beds per 1,000 patients. This shortfall is seen as a lucrative opportunity. Outlook for Hospitals and India? 🏨 Expansion and Innovation - PE brings in expertise and capital which leads to quick expansion across geographies and service offerings leading to growth in the sector and better access to healthcare for Indians. 💲 Future Outlook - At the end of the day, PEs are here to make a quick buck and exit in a few years, so the future outlook looks bleak as patient care and satisfaction may not be their top priority. ⁉️There are numerous failed PE Healthcare stories in Europe and the USA. We hope that's not how it turns out here in India too, but only time will tell. 🤔 What do you think? Inspired by Finshots 🥇

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Today's Headlines from : *Economic Times* 📝 FinMin asks PSBs to meet loan targets for agri-allied sectors 📝 Niva Bupa raises Rs 990 crore from anchor investors ahead of IPO 📝 Apollo Hospitals Q2 Results: Net profit rises 63% to Rs 379 crore 📝 Jindal Steel Q2 Results: Profit slumps 38% to Rs 860 crore on lower volumes, steel prices 📝 Union Cabinet approves equity of Rs 10,700 cr as working capital for Food Corporation of India 📝 Visual robotics platform CynLr raises $10 million in round led by Pavestone, Athera Venture Partners 📝 Inflexor announces first close of Opportunities Fund at Rs 280 crore 📝 Easy Home Finance secures $35 million from Ranjan Pai’s Claypond Capital, others 📝 Lenskart cuts loss by 84% in FY24, revenue up 43% to Rs 5,428 crore *Business Standard* 📝 Trump becomes 47th US President, returns to White House after 4-yr hiatus 📝 Lulu generates demand for $37 billion, becomes largest IPO in UAE this year 📝 IL&FS group discharges debt of Rs 38,082 cr to creditors as of Sep-end 📝 Power Grid Corp Q2 results: Net profit almost flat at Rs 3,793 cr 📝 Nxtra to invest Rs 5,000 cr to double its capacity to 400 MW in three years 📝 Medanta signs O&M pact for 750 bed hospital in Delhi, to invest Rs 600 cr 📝 IFC to partner with Bajaj Finance to pump in $400 mn for climate finance 📝 Reliance Power clears debt of Rosa Power focusing on green energy growth 📝 Cabinet approves PM-Vidyalaxmi to provide aid to meritorious students 📝 Deutsche Bank infuses Rs 5,113 cr into India operations for expansion 📝 Auto retail sales up 32% in Oct as 2W, PVs shine in festival season *Financial Express* 📝 PB Fintech to cut costs at Paisabazaar amid unsecured loan slowdown 📝 Govt to act as a VC fund for pushing space startups 📝 SBI report pegs Q2 growth at 6.5 per cent 📝 Reliance Power arm prepays Rs 485-crore debt to Varde 📝 Services PMI revives to 58.5 in October from September’s 10-month low on demand expansion 📝 CBDT sets monetary limits for waiver of interest *Mint* 📝 India surpasses China in QS Asia Rankings 2025 📝 India, ADB ink $200 mn pact to boost Uttarakhand’s urban resilience 📝 BMW's net profit drops 84% amid China sales slump and vehicle recall issues 📝 Supreme Court rules LMV license holders can drive transport vehicles 📝 AI startup Perplexity to triple valuation to $9 billion in new funding round

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Advent International is investing INR 2475 cr (~$3bn) in Apollo Hospitals's subsidiary, Apollo HealthCo. The transaction will also see the merger of its wholesale pharma distribution unit Keimed Private Limited and online healthcare business Apollo 24|7 under Apollo HealthCo. The background: Apollo HealthCo= Keimed (B2B pharma distribution) + Apollo 24 7 (online pharma) Apollo HealthCo, the digital health and services business of Apollo Hospitals, has been pressuring the hospital operator's bottom line, hurt by its cash-guzzling pharmacy business Apollo 24/7. Apollo HealthCo posted a loss for the sixth straight quarter in February. Advent International is a global PE with 17 investments (~$5.8bn since 2009) in India (12 current, 5 exits). Its other Indian healthcare investments include Cohance Lifesciences, Suven Pharmaceuticals and Bharat Serums and Vaccines Limited. Is it a good deal? The market doesn't think so! Shares of Apollo Hospitals Enterprise dropped 8% in opening trade on Apr 29 as investors were disappointed with the valuations offered in the deal. According to the deal, it valued Apollo 24 7 at $1.7bn and Keimed at $9.6bn Nuvama Group said while the deal was long overdue, the valuation commanded by Apollo 24/7 at $1.7 bn is lower than the estimated $2.7 bn. It not only comes as a negative surprise but also a huge letdown. The brokerage also said doubling Keimed's valuation for the deal, just within a year also seemed aggressive. Jefferies also shared the same view on Apollo 24 7's valuation While Prabhudas Lilladher Private Limited also acknowledged that the stake sale of Apollo HealthCo was done at a discounted valuation, it sees the merger of Keimed with the arm as a positive step as it removes overhang of any cost leakages. That with the added management guidance of growing EBITDA gives them comfort Future Outlook: According to the management commentary, the combined entity is expected to deliver Rs 25,000 ($3bn) crore of revenue in 3 yrs with 7-8% EBITDA, up from around Rs 13,600 crore and 1.5% now. This is an EBITDA growth of about 9x in 3 years! This growth will be achieved through Apollo 24/7 breakeven in ~2 years, higher margin realization through supply chain efficiencies, and accelerated growth in the private label business Though pharmacies in India are growing at 12% YoY, Apollo believes that large players like themselves can easily grow at 20-25% YoY It seems that Apollo was a bit desperate to inject in money and was okay with taking a slightly below-par deal. That said, this deal should reduce the drag from 24/7's operating cost (and cash burn) and strengthen both its pharmacy and hospital businesses. The merged entity could also leverage Keimed’s over 70,000 store network to push private label sales and unlock synergies. #healthcare #apollo #advent #privateequity #india #apollo247 #pharma #pharmacy

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🚨 Big News for Gurgaon’s Real Estate Market! 🚨 Elan Group, one of Gurgaon’s leading developers, has secured a monumental Rs 1,200 crore investment from the Kotak Real Estate Fund! 🏢 💰 This significant investment will fuel Elan Group’s ongoing and upcoming projects, further cementing its position as a major player in Gurgaon’s real estate landscape. Known for its innovative designs and luxurious developments, Elan Group is all set to elevate its presence in key locations across Gurgaon, delivering top-notch residential, commercial, and mixed-use spaces. This partnership is expected to boost the city’s skyline, bringing new opportunities for homebuyers and investors alike. 🌆✨ As Gurgaon continues to emerge as a prime hub for business and luxury living, this investment reinforces the confidence of institutional investors in the city’s vibrant real estate sector. With this backing, Elan Group is poised to lead the charge in shaping the future of Gurgaon’s urban development. 🚀 Stay tuned for more exciting updates as Elan Group takes its projects to the next level! 🔑 #ElanGroup #KotakRealEstateFund #GurgaonRealEstate #InvestmentNews #LuxuryLiving #RealEstateGrowth #GurgaonDevelopment #BusinessNews #ResidentialAndCommercial #FutureOfGurgaon

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Want to diversify your Portfolio?? REITs (Real Estate Investment Trusts) are companies that own or finance income-generating real estate. They allow investors to invest in large-scale real estate without directly owning property. Benefits of Investing in REITs: Diversification: Adds real estate exposure to your portfolio. Steady Income: Regular dividend payouts from rental income. Liquidity: Easily traded on stock exchanges. Accessibility: Low investment required to access large properties. Tax Benefits: Exempt from corporate taxes if they distribute 90% of income. Professional Management: Expert handling of real estate assets. Hedge Against Inflation: Real estate value tends to rise with inflation. Wason Wealth #investing #financialconsultancy #researchanlyst

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SM REIT - The Gamechanger in Indian Real Estate Ecosystem. We are creating something which will impact every common man in India. Be a part of it at early stage. I am building the team of future MicroMitti ! Listen to my first podcast on what's been cooking before we launch it all - https://lnkd.in/gq43pZ6u SEBI chairperson Madhabi Puri Buch has predicted that this will be equivalent to stockmarket in 10 years and 1X of GDP. The next big thing is here. #proptech #fintech #wealth #finance MicroMitti

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