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Institutional investments in Indian real estate rose 11 per cent to USD 1.27 billion in July-September on better fund inflows into office assets, according to Colliers.
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Brookfield-backed Clean Max Enviro Energy Solutions Ltd. is preparing to launch a 52 billion rupees ($586 million) IPO as early as November. The renewable energy provider has begun investor roadshows for the share sale, which includes new shares and a secondary offering from existing investors. Proceeds will fund debt repayment and general corporate purposes.
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Antique Stock Broking expects India’s textile sector to enter a new growth cycle driven by policy support, easing tariffs, and rising man-made fibre demand. It recommends buying Nitin Spinners and Sanathan Textiles, while maintaining a hold on Vardhman Textiles.
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​Top 10 IPOs debuting tomorrow saw mixed investor response. Infinity Infoway, Advance Agrolife, and Sheel Biotech led with high subscriptions and GMPs, while several others recorded flat or muted market interest.
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