Reliance Industries, GPT Infraprojects and MAS Financial Services to see some action today

Nexus Malls has partnered with Jio-bp, a fuel and mobility joint venture between Reliance Industries and bp, for the rollout of EV charging stations and battery swapping stations across its portfolio of 17 malls in 13 cities. As part of this partnership, Nexus malls will be installed with 24x7 charging infrastructure for two and four-wheeler EVs. In the first phase, these charging stations will be available at Nexus malls in Navi Mumbai, Bengaluru, Hyderabad, Pune and Ahmedabad from June 2022.

GPT Infraprojects has bagged an order valued at Rs 292 crore for Execution of Viaducts, Major Bridges, ROBs, supply of Vehicle, site facilities & other allied works in between Buguda-Baniguchha section and Execution of ROB no. 229 (1X18.0 composite girder) in between Nuagaon - Daspalla section of East Coast Railway for Khurda Road-Bolangir New B.G. Link Project.

MAS Financial Services has raised Rs 50 crore via non-convertible debentures (NCDs). The meeting of the Finance Committee of the Board of Directors of the Company was held on June 22, 2022 has approved and allotted 500 rated, listed, redeemable, senior, secured, NCDs denominated in Indian Rupees, each having a face value of Rs 10,00,000 and an aggregate face value of Rs 50 crore on a private placement basis. Further, these Debentures have been rated ‘CARE A+’ by CARE Ratings.

Emami Realty is aiming at a 50 per cent jump in sales to Rs 750 crore in the current fiscal (FY23) as against nearly Rs 500 crore sales achieved in FY22. The company has targeted retiring its long-term debt by 2023-24, which is now pegged at Rs 118 crore. The developer, which has a land bank of around 2,500 acres in 7-8 cities in the country, will leverage the resource for new projects and explore monetisation of a part of it in the next few years.

Shriram City Union Finance has received an approval for the issuance of Secured Rated Listed Redeemable Non-Convertible Debentures (NCDs) of face value of Rs 10,00,000 each at a re-issue price of Rs 10,05,815.58 each for an amount of Rs 50 crore with green shoe option upto Rs 40 crore amounting to Rs 90 crore as one or more issuances, in one or more tranches either as fully paid up or partly paid-up on private placement basis. The banking and securities management committee of the company had at its meeting held on June 22, 2022 has approved the same.

Karnataka Bank has launched Online SB Account opening facility through 'Video based Customer Identification Process (V-CIP)'. The facility enabled in the Corporate Website of the Bank, empowers any prospective customer to open a Savings Account through online process and complete KYC verification through a video call at their place of convenience.

Macrotech Developers will provide 1.1 million square feet of warehousing space to Skechers, a global athletic footwear and apparel brand, at Palava near Mumbai. Macrotech Developers markets its real estate properties under the Lodha brand.