Ajmera Realty: Additional 2% equity shares issued

08 Aug 2024 CW Team

Ajmera Realty & Infra India Ltd (ARIIL) has issued additional equity shares as a marginal benefit to its stakeholders due to the de-merger with Radha Raman Dev Ventures, a wholly-owned subsidiary. The de-merger was approved by the National Company Law Tribunal (NCLT) on July 4, 2024. Under the scheme of arrangement, ARIIL has allotted one equity share with a face value of Rs 10 for every 50 shares held by its equity shareholders.

Dhaval Ajmera, the director of the company, stated that the de-merger is a strategic move made in the best interest of the company's growth and development. He noted that as a result of the de-merger, shareholders have achieved a marginal gain of one additional share for every 50 shares held, equating to a 2% monetary gain. ARIIL has issued an additional 709,698 equity shares, bringing the total expanded capital to 3,619,457 equity shares.

This de-merger involves the transfer of a 6.5-acre land parcel at I-land Wadala, with plans to develop a mixed-use project on the site. The intention behind the de-merger is to segregate the business related to the development of this mixed-use project into a separate company, namely Radha Raman Dev Ventures, which will be a 100% subsidiary.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..