

Anand Rathi Promoters Buy Rs 1.32 Billion Flat in Worli
The promoter family of Anand Rathi Group has purchased a luxury flat worth Rs 1.32 billion in Lodha Developers’ under-construction Lodha Sea Face project at Worli, Mumbai. The deal marks yet another high-value acquisition in the city’s most sought-after residential enclave.The 10,538 sq ft apartment, located on the 40th floor of the tower, was bought by Pradeep Gupta, co-founder and vice-chairman of Anand Rathi Financial Services Ltd, and his wife Priti Gupta, managing director of Anand Rathi Share and Stock Brokers Ltd. The purchase includes seven parking spaces. According to property reg..

Tembo Global Industries Secures Rs 3.16 Bn to Drive Expansion in EPC
Tembo Global Industries has successfully raised Rs 3.16 billion through a mix of preferential equity shares and share warrants. The fundraise saw strong participation from investors, including company promoters and strategic investor Mohammed Abdul Nayeem, Founder & Chairman of Masah Construction Company, Saudi Arabia.Out of the total capital raised, Rs 1.98 billion came from preferential allotment to funds and high-net-worth investors, while Rs 1.18 billion was infused through share warrants by promoters and the strategic partner, reaffirming their long-term commitment.The proceeds will b..

REC honoured with ‘Best Design Thinking Award’ at DNA Awards 2025
REC, a Maharatna NBFC under the Ministry of Power, has received the ‘Best Design Thinking Award’ at the 5th Distinguished NBFC Awards (DNA Awards) hosted by Banking Frontiers.The award acknowledges REC’s digital initiatives in Retail Bonds, highlighting the company’s efforts to leverage technology and design thinking to improve customer experience and service delivery.Jitendra Srivastava, CMD, REC, congratulated the finance team for their commitment and contribution towards driving innovation. Harsh Baweja, Director (Finance), along with senior officials, joined in celebrating the reco..