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Managed flexible workspace provider Simpliwork Offices is planning to invest Rs 750 crore next fiscal to expand its portfolio and raise up to Rs 2,800 crore in equity and debt for future growth. Founded in 2018, Bengaluru-based Simpliwork Offices currently has an office portfolio of around 4.2 million square feet, roughly 50,000 desks, across major 8 cities. Salarpuria Sattva, one of the leading real estate firms in the country, with a large presence in the office market, has a 50 per cent stake in Simpliwork Offices. Kunal Walia, the founder and CEO of Simpliwork, along with some other investors, holds the remaining stake. In an interview with PTI, Walia noted that the leasing of flexible office space rose during the 2022 calendar year, and demand continues to be strong from large enterprises. The overall leasing of office space crossed 45 million square feet last year, after two years of slowdown due to the COVID pandemic, he highlighted. "Specifically, within that demand, we h
US Fed chair Jerome Powell has reiterated that the Federal Open Market Committee (FOMC) is likely to raise rates further than previously anticipated
The airline, a 51:49 joint venture of the Tatas and Singapore Airlines, has seen infusion of at least Rs 9,900 crore as equity after its birth in 2015
After witnessing a robust growth for two years, foreign direct equity investments during April-September declined 14 per cent on year to $26.9 billion
Industry says exemption for those staying invested for over three years will help channelise flows into financial assets
The SFB, an urban coop bank earlier, has a large presence in UP and MP; It has over 560,000 unique customers and runs 46 branches and 21 exclusive Business Correspondent Branches across northern India
In a Q&A, Srivatsan Iyer talks about his firm's expansion plans in new segments and what the equity investment by KKR means for the company
With the domestic economy looking ripe to shine despite a possible global recession, analysts recommend investors look at investing a bulk of their investable surplus in equities
Hero Future Energies aims expansion in green hydrogen and battery storage
Fresh fund raise Rs 455 crore, secondary share sale Rs 300 crore; company eyeing Rs 3,000 crore valuation; firm makes brass, steel and polyamide cages and stamped components
In its attempt to bring down inflation, the RBI is making banks jack up their deposit rates to fund loan demand. Will rate hikes lure equity investors to safer bank assets? Find out in this report
Falling up to 13 per cent this year so far, BSE smallcap and midcap stocks have lagged behind Sensex as experts said these indices had climbed more than the frontline index during the "good times"
None of the three investor categories completes quota, with HNI interest being the dullest at 16%
As most global central banks embark on a rate hike cycle to battle inflation, analysts expect markets to remain choppy. Here's a report on where to invest in a rising interest rate regime
The RBI's hawkish approach has taken markets by surprise. It has kicked-off a rate tightening cycle to tame inflation that spiked to 6.95% in March. What're the investment options in this scenario?
DMI Finance, lender since 2009, is the non-banking financial company of the DMI Group
So far in December, foreign portfolio investors have sold equities worth over Rs 33,000 crore. This trend is expected continue for the rest of 2021. When can investors get a respite from FPI selling?
Total capital under management at $12.5 bn; last fund NVP XV was raised in 2019 with a corpus of $2 bn
A depreciating rupee and subdued trend in global markets also weighed on sentiment.
MIL plans to invest Rs 71 crore in one or more tranches as equity investment to partly fund the above expenditure.