Ventive Hospitality Raises Rs 7.19 Bn From 26 Anchor Investors

21 Dec 2024 CW Team

Blackstone-backed Ventive Hospitality, has allotted 1,11,90,513 equity shares to 26 anchor investors and raised Rs 7.19 billion ahead of company’s proposed IPO at the upper end of the price band at Rs 643 per equity share (including premium of Rs 643 per equity shares) with face value of Re 1 per equity share. Out of the total allocation of 1,11,90,513 equity shares to the anchor investors, 48,21,122 equity shares(i.e. 43.08% of the total allocation to anchor investors) were allocated to four domestic mutual funds through a total of eight schemes. Few of the marquee investors include Government Pension Global Fund, Allspring Global Investment LLC, Tata Absolute Return Fund, Quant Mutual Fund, Aditya Birla India Fund, SBI General Insurance Company, SBI Life Insurance Company, Nuvama, JM Financial Mutual Fund and 360 One Income Opportunities Fund. The total offer size of equity shares (face value of Re 1 each) aggregating up to Rs 16,000 million comprises a fresh issue of aggregating up to Rs 16,000 million. The company proposes to utilize the net proceeds towards the repayment/prepayment, in part or full, of certain of borrowings availed by the company including payment of interest accrued thereon. JM Financial, Axis Capital, HSBC Securities and Capital Markets (India), ICICI Securities, IIFL Securities, Kotak Mahindra Capital Company and SBI Capital Markets are the book running lead managers to the issue.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

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Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..