AgenciesIts assets under management grew 19% year-on-year to Rs 11005 crore at the end of March from Rs 9281 crore a year back.
“The demand in the real estate sector continues to be positive. We are confident of continuing our growth trajectory in FY24. Our growth will continue to be driven by expansion in tier 3 and 4 towns this year,” said managing director Lakshminarayanan Duraiswamy.
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- NCLT OKs Go First Flight to Insolvency Protection
A bankruptcy court in New Delhi Wednesday approved the application of Go Airlines (India) to admit the carrier into the insolvency resolution process, allowing the first such voluntary bankruptcy protection involving a local airline. One of the biggest lessors may file an appeal against the order soon.
US Investor Slashes Ola Valuation by 35% to $4.8 BillionFunds managed by US investment firm Vanguard marked down the valuation of ride-hailing company Ola by 35% to $4.8 billion from $7.4 billion, according to regulatory filings with the US Securities and Exchange Commission.
Sebi Moots Higher Threshold for Investment in AIFsThe capital market regulator on Wednesday broached the idea of raising the minimum ticket size of investment in private equity (PE) and venture capital (VC) funds while favouring a regime that eventually paves the way for only deep-pocketed investors to put money in these funds.
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