INVESTMENT TRUST
Is Warren Buffett aware that the US dollar is losing 99.99% of its value? What did Michael Saylor say about this?
In a podcast, Michael Saylor has warned that the US dollar is losing its value due to high rate of inflation and other currency options. He added that well known investors are aware of this reality.
Sebi chief Madhabi Buch urges investors to identify mischief makers in the market
Recalling her own experience as an industry participant, Buch said it is "frustrating" for the law-abiding participant when he or she discovers an industry peer gaining using bad practices.
Prestige Estates board okays proposals to raise Rs 5,000 crore
The Bengaluru-based company may either consider creating a real estate investment trust - which could be the first hotel REIT in India - or pursue an initial public offering to monetise the hospitality business. In April, ET was the first to report Prestige Estates' plan to monetise the business. "The firm is also currently evaluating to monetise its hospitality portfolio, which will lead to some value unlocking," Zaid Sadiq, executive director of hospitality at the Prestige Group had said. He could not be reached for comment.
Daibiru creates Gift City fund with Hines, invests Rs 1,000 crore in Gurgaon building
Daibiru Corporation, a subsidiary of Mitsui O.S.K. Lines, has invested Rs 1,000 crore in an upcoming office complex in Gurgaon developed by DLF and Hines. This investment facilitated the exit of Abu Dhabi Investment Authority (ADIA), with Hines holding a 33% stake in the joint venture. The project, named Atrium Place, spans 2.88 million square feet across 11.76 acres and is slated for completion in 2025.
How to invest in the real estate sector with a small amount of capital?
There are ways in which investors with even little capital can invest in the real estate sector which is booming. These methods offer rich dividends and individuals can manage their investment portfolio successfully.
NHAI to monetise assets with Rs 15000 to Rs 20000 crore in 2024-25 through InvIT
The National Highways Infra Trust (NHIT), its infrastructure investment trust formed in October 2020, has so far garnered Rs 26,125 crore in three rounds of monetisation with the per unit net asset value at Rs 124.75 as against the launched value of Rs 101 per unit in November 2021.
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Should you buy REITs when multibagger realty stocks seem unstoppable?
Experts recommend considering REITs alongside multibagger realty stocks due to rising demand for office space. SEBI's regulations have made REITs more accessible to retail investors, boosting market liquidity.
Inflation, Fed meeting to give clues for US market direction
Investors await next week's inflation data and Fed meeting for signals on stock market trajectory amid conflicting economic signals. S&P 500's 12% YTD rise hinges on Fed's ability to manage inflation without hampering growth.
Wall St Week Ahead-Inflation, Fed meeting to give clues for US market direction
Political uncertainty may impact market stability. Early presidential debate raises concerns about 2024 election influence. Market attention shifts from economic data to political landscape.
THIS Cryptocurrency ETF could soar up to 5,400%, claim some Wall Street analysts. Here's what you should know
According to experts at Wall Street, cash-rich billionaires are on a buying spree of a certain Cryptocurrency ETF, that may soar to unimaginable level in a matter of time.
Ixigo closes pre-IPO secondary sale at Rs 176 crore
New investors Ashoka India Equity Investment Trust, Tata Mutual Fund, Bay Capital, and Steadview Capital, have acquired these shares. During a secondary sale, existing investors sell their stake, so the proceeds do not go to the company. Ixigo is also raising Rs 120 crore in fresh capital through the public issue.
Deal activity dips 3 pc to USD 5 bn in May
Deal activity in May dropped by 3% to $5.023 billion. Mergers and acquisitions fell by 58%, but private equity deals rose by 49%. Largest deals include Google's $350 million investment in Flipkart and Manipal Health's majority acquisition of Medica Synergie.
TRUST Mutual Fund appoints Jalpan Shah as head of fixed income
Prior to joining TRUST Mutual Fund, Shah served as Senior Vice President at HSBC Mutual Fund. He was a key member of the organisation and is credited for managing substantial AUM in the fixed income space.
Wall Street's faster trade settlement sees some temporary bumps
The transition to faster trade settlements in the U.S. faced bumps despite a mainly smooth switch to T+1 settlement cycle from T+2, mandated by the SEC. Market participants anticipated increased trade failures and hiccups in the securities market.
Sebi allows privately placed InvITs to issue subordinate units
Capital markets regulator Sebi on Tuesday notified a framework for issuance of subordinate units by privately placed infrastructure investment trusts (InvITs).
Utpal Sheth on how buy, hold and sell work for a terminal value investor
Utpal Sheth, Senior Partner & CEO of Rare Enterprises and Co-Founder & Mentor at Trust Group, emphasizes the importance of conviction, courage, patience, and equanimity in terminal value investing. Apart from buy and hold. the sell decision is important for the terminal value investor will take, but it needs to be taken at the right time.
360 ONE Prime to raise Rs 500 crore through NCD, effective yields may go up to 9.8%
360 One Prime on Friday opened its second tranche of fund raising of Rs 500 crore through the issue of non-convertible debentures (NCD) which might effectively yield 9.2% to 9.86% p.a. The issue will be closed on June 6.
NHAI's road assets monetisation can fetch up to Rs 60,000 cr for govt this fiscal
ICRA predicts NHAI's road asset monetization plan could yield up to Rs 60,000 crore in FY2025, part of the National Monetisation Pipeline. NHAI plans to sell 33 assets through toll-operate-transfer (TOT) and InvIT modes, totaling 2,750 km with Rs 4,931 crore annual toll collection, likely attracting various investor types.
NHAI's infra trust got $217.13 mn in FY24 from Canada Pension Plan Investment Board
Canada Pension Plan Investment Board (CPP Investments) announced investments totaling USD 217.13 million in the National Highways Infra Trust and USD 394.78 million in Interise Trust for road concessions acquisition. Additionally, they committed USD 100 million to Kedaara Capital Fund IV and USD 300 million to an India-based asset manager focusing on credit opportunities. The organization manages funds for over 22 million contributors and beneficiaries of the Canada Pension Plan, investing globally in various asset classes.
Cube Highways announces Rs 3.94 per unit dividend for Q4
Cube Highways Trust declared an annual distribution per unit (DPU) of Rs 10.09 for FY24, with plans to acquire seven road assets, including six based on NHAI's Hybrid Annuity Model for revenue stability.
Investing is an infinite game and you cannot play it with a finite mindset; learn to think long term: Utpal Sheth
Utpal Sheth envisions India's terminal value in 2024 as a continuation of the structural and secular bull market, with a higher probability of success. He emphasizes the long-term perspective and the ongoing evolution of India's market positioning within the global landscape. Sheth also talks about terminal value investing, where they are pursuing a very different value.
Nexus REIT in talks to buy Marina Mall in Chennai
Nexus Select Trust in talks to acquire The Marina Mall in Chennai, developing a diverse portfolio with Grade-A malls in Hyderabad. Plans to double assets to 20M sq ft in 5 years, reflecting India's retail growth and mall consumption surge.
CapitaLand Investment appoints Sumit Gera as CEO- India Business Park
Sumit Gera appointed CEO of India Business Park by CapitaLand Investment Limited as part of leadership succession strategy. Gera takes over from Gauri Shankar Nagabhushanam, who becomes CEO of CapitaLand India Trust (CLINT), Asia’s first property trust focused on India. Sanjeev Dasgupta will be succeeded by Nagabhushanam in August 2024.
NCLT allows IL&FS Transportation Networks to offload shares in an expressway project
The National Company Law Tribunal (NCLT) has granted permission to IL&FS Transportation Networks to sell its shares in Moradabad Bareilly Expressway to Roadstar Infra Investment Trust. The transfer involves 3,21,40,691 equity shares, representing a 14.5% stake. The transaction, approved by IL&FS's new board and ITNL Board in October 2023, received no objection from Union Bank of India. The tribunal allowed IL&FS to proceed with the sale as per the terms of the share purchase agreement with Axis Trustee Services Limited and Roadstar Investment Managers.
Brookfield India REIT inks pact to acquire Bharti JV stake, funding through listed units
Brookfield India REIT acquires 50% stake in Bharti Enterprises' real estate joint venture in New Delhi, adding Grade A assets and increasing operating area by 16%. Ankur Gupta, Managing Partner at Brookfield, emphasizes the diverse portfolio.
CapitaLand India Trust (CLINT) appoints Gauri Shankar Nagabhushanam as Chief Executive Officer-Designate.
Gauri Shankar Nagabhushanam is set to become the Chief Executive Officer of CapitaLand India Trust (CLINT) in August 2024. He brings over 20 years of experience in real estate private equity, fund management, and corporate finance. Previously, he served as CEO of India Business Park at CapitaLand Investment, overseeing the growth of business parks in India. Gauri holds a Master's in Finance from the London Business School and has worked with companies like Ascendas-Firstspace, Deloitte, TAIB Bank, and Samba Financial Group.
Fashion companies' dull show worries Nexus Select
The concerns are weighing on Nexus as India's first publicly listed retail Real Estate Investment Trust (REIT) is looking to invest Rs 1,000 crore in acquiring three malls in Hyderabad to grow the total portfolio to 20 malls and 11 million sq ft.
Sebi proposes to cut trading lot size of privately placed InvITs to boost investors' participation
Markets regulator Sebi on Thursday proposed to drastically reduce the trading lot size of privately placed infrastructure investment trusts (InvITs) to Rs 25 lakh in a bid to boost investors' participation and increase liquidity of such investment vehicles.
Nexus to add three malls in portfolio with an investment of Rs 1,000 crore
Nexus Select Trust, India's first publicly listed retail REIT, is looking to invest Rs 1,000 crore in acquiring three malls in Hyderabad to increase its portfolio to 20 malls and 11 million sq ft. The company's performance of fashion brands is a concern, as they contribute 50% of its business. However, other categories like electronics and beauty are growing by 18-20%, helping Nexus achieve its target.
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