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Business Standard

Max Estates achieves full occupancy for its office space 'Max House Phase 2' in New Delhi

Max Estates announced that Max House Phase 2, its premier commercial offering located in the heart of New Delhi, has achieved an impressive milestone of lease commitment for 100% of its space in less than a year of receiving its Occupancy Certificate.

Business Standard

Max Estates raises Rs 800 cr via QIP

The real estate developer announced that it has raised Rs 800 crore through a qualified institutional placement (QIP) at a floor price of Rs 628.74 per share.

Business Standard

Max Estates shares rise over 3% on successfully raising Rs 800 cr from QIBs

Max Estates share price moved up after the company on Tuesday announced that it has successfully raised Rs 800 crore allotting equity shares to 25 qualified institutional buyers (QIBs)

CNBC TV18

Max Estates raises ₹800 crore through its institutional share sale; These funds participated

Sources said that Max Estates was to utilise the proceeds from the QIP for the acquisition of land, interest in land and or land development rights.

CNBC TV18

2 real estate companies have raised ₹5,800 crore via QIPs, CNBC-TV18 learns

Shares of Max Estates Ltd ended at ₹673.45, down by ₹8.90, or 1.30%, and Prestige Estates Projects Ltd ended at ₹1,816.00, up by ₹91.75, or 5.32%, on the BSE.

Business Standard

Max Estates launches QIP, plans to raise Rs 800 cr for business growth

Realty firm Max Estates plans to raise Rs 800 crore by selling equity shares to institutional investors for the growth of business. In a regulatory filing on Thursday, Max Estates informed that an Investment and Finance Committee of the board approved launch of Qualified Institutional Placement (QIP) issue. The panel also approved the floor price for the issue at Rs 628.74 per equity share. According to sources, all major domestic mutual fund companies have participated in the QIP issue. The company would utilise the fund to acquire land in Delhi-NCR, they added. According to the notice of the 8th Annual General Meeting (AGM) of the members of Max Estates Ltd, the company plans to raise up to Rs 800 crore. "The company anticipates certain growth opportunities in its existing line of business," Max Estates said. The company said it continues to evaluate various growth avenues, including land acquisition. Max Estates proposed to raise funds aggregating up to and not exceeding Rs

CNBC TV18

Max Estates looks at raising up to ₹800 crore via QIP: Sources

Max Estates Share Price | The company will utilise the proceeds from the QIP for the acquisition of land, interest in land and or land development rights, sources said.

Business Standard

Max Estates gains as board to mull raising upto Rs 150 cr

Max Estates rose 2.06% to Rs 679.60 after the company announced its board will meet on Saturday, 31 August 2024 to consider raising of funds up to Rs 150 crore.

The Economic Times

Student housing company The Hive Hostels raises Rs 11.5 crore in pre-IPO funding

Luxury student housing firm The Hive Hostels, operating in over 10 Indian cities, has secured Rs 11.5 crore in pre-IPO funding. Key investors included Shriram Madhav Nene and Max Estates CEO Sahil Vachani. The funds will develop Aurus, a luxury extension, ahead of an IPO planned for next year.

Mint

Breakout stocks to buy: Max Estates to Strides Pharma — Sumeet Bagadia recommends five shares to buy today

Breakout stocks to buy today: Sumeet Bagadia has recommended five shares to buy today — Rane (Madras), Innova Captab, Max Estates, Sarda Energy & Minerals and Strides Pharma Science.

The Economic Times

Max Estates receives Noida authority's approval to overtake ‘Delhi One’ project, to pay Rs 613 crore

In February 2023, the National Company Law Tribunal (NCLT) approved the resolution plan of Max for the development of a commercial plot measuring 34,697 square meters in Noida under the project name ‘Delhi One’.