Latest news with #SachinShah
Bloomberg
4 days ago
- Business
- Bloomberg
Brookfield's Insurer Trims Private Credit, Citing Crowded Trade
Brookfield Corp. 's insurance unit has pulled back from investments in private credit as surging demand from rival bidders pushes yields down. Brookfield Wealth Solutions started to reduce its allocation to private credit six months ago, and is almost no longer investing in the asset class now, Chief Executive Officer Sachin Shah said at the Global Insurance Summit hosted by the Financial Times Wednesday in London. Demand has compressed yields, even as the underlying credit risk is the same and the covenants that protect creditors have become weaker.
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Business Standard
23-05-2025
- Business
- Business Standard
Blackstone-backed firms invest ₹1,060 crore in Embassy Developments
Blackstone Real Estate Fund-backed NCL SG Holdings Pte Limited and Bellanza Developers Private Limited have invested ₹1,060 crore into Bengaluru-based realty major Embassy Developments Limited through the conversion of unlisted warrants into equity shares. Bellanza Developers Private Limited is a promoter group entity. Of the total investment, Bellanza Developers has infused ₹415 crore and NCL SG Holdings has deployed ₹645 crore into the company. 'The ₹10.6 billion raised through warrant conversions by the promoter group and another key shareholder reflects the continued trust in EDL's vision and growth prospects. This infusion of capital strengthens our balance sheet and our ability to scale operations while creating sustained value for all stakeholders. We look forward to capitalising on India's real estate growth story,' said Sachin Shah, CEO and Executive Director, Embassy Developments Limited. The infusion was done via conversion of 12.7 crore equity shares, originally issued on 21 May 2024, under a preferential allotment approved by shareholders. The shares were allotted at ₹111.51 apiece upon receipt of the remaining 75 per cent of the issue price. Post allotment, Embassy Developments' total paid-up equity capital is ₹269.9 crore, comprising ₹134.9 crore in equity shares of face value ₹2 each. The revised shareholding of the promoter group stands at 42.96 per cent and Blackstone Real Estate Fund at 10.93 per cent. The company has 8.9 crore outstanding warrants pending conversion up to November 2025. Specialising in the construction and development of residential, commercial and Special Economic Zone (SEZ) projects, Embassy Developments focuses on Bengaluru, the Mumbai Metropolitan Region (MMR) and the National Capital Region (NCR), with additional presence in Chennai, Jodhpur, Vadodara, Vizag and Indore. Embassy Developments further said the equity participation underlines the strong and continued confidence shown by the promoter group and another key shareholder in the growth roadmap of EDL, with its substantial pipeline of residential and commercial projects across the country. The company stated that the funds will support upcoming project launches totalling 7.7 million sq ft, valued at over ₹15,000 crore.
Time of India
23-05-2025
- Business
- Time of India
Blackstone, Embassy entities Infuse Rs 1,060 cr into Embassy Developments
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel An institutional investor backed by global alternative asset manager Blackstone Group, along with the promoter group of Embassy Developments , has infused around Rs 1,060 crore into the company through the conversion of unlisted warrants into equity equity was infused following the conversion of around 12.7 crore warrants originally issued in May 2024 under a preferential allotment approved by Embassy Developments shareholders, strengthening the developer's capital base and reaffirming long-term confidence in its growth shares were allotted at Rs 111.51 a piece upon receipt of the remaining 75% of the issue price, and rank pari passu with existing equity allottees include Bellanza Developers, an entity from the Embassy promoter group, and NCL SG Holdings , a fund affiliated with Blackstone Real Estate. The transaction signals a continued commitment from both stakeholders to Embassy Developments' long-term the total investment, Bellanza Developers has infused Rs 415 crore and NCL SG Holdings has deployed Rs 645 crore into the allotment, the company's revised shareholding of the promoter group stands at 42.96% and Blackstone Real Estate Fund at 10.93%. The Company has around 8.9 crore outstanding warrants pending conversion up to November 2025.'This infusion of capital strengthens our balance sheet and our ability to scale operations while creating sustained value for all stakeholders. We look forward to capitalising on India's real estate growth story,' said Sachin Shah, CEO & ED, Embassy to him, the equity participation underlines the continued confidence shown by the promoter group and other key shareholder in the growth plans of Embassy Developments , with its substantial pipeline of residential and commercial projects across the conversion is aligned with the company's previously announced strategic initiatives, including upcoming project launches across 7.7 million sq ft, valued at over Rs 15,000 Developments, or erstwhile Indiabulls Real Estate, is engaged in the construction and development of residential, commercial, and Special Economic Zone (SEZ) projects across Indian a strategic focus on Bengaluru , the Mumbai Metropolitan Region (MMR), and the National Capital Region (NCR), the company also has a presence in Chennai, Jodhpur, Vadodara, Vizag, and capital infusion is expected to bolster the company's equity base and provide added financial flexibility as it pushes ahead with its development pipeline across residential and commercial segments in key urban centres. Ends
Economic Times
21-05-2025
- Business
- Economic Times
FII flows turn positive; long-term capital returning to India: Sachin Shah
"Clearly, US corporates are looking at global alternate, supply chains are getting created, and multiple countries whether it is India, Indonesia, Vietnam, South America whichever company or whichever corporates will have their own strengths, they will get their share of business, so that is a mega trend that we are going to witness over the next three, five, seven, ten years and we strongly believe that will continue," says Sachin Shah, Emkay Investment Managers. ADVERTISEMENT Now Moody's upgrade has come in. China has also decided to cut its lending rate and, of course, China and the United States are engaged in a slew of discussions with respect to the trade deal, the interim trade deal that they signed. How do you expect all of this global market action to have an impact on the India market? Sachin Shah: So, the good thing is that the trade war that we were all witnessing for the last few months, the intensity over there seems to be cooling off quite significantly from US with most of the countries, so that is a very positive thing and Indian companies obviously wherever we have a strong value proposition from each of our businesses, this is what I have mentioned a few times even earlier on this show, that wherever we have our strong value propositions whether it is your speciality chemicals, pharmaceuticals, textiles, electronics, manufacturing, engineering, quite a few other industries I do not think there is going to be any challenge over there. Clearly, US corporates are looking at global alternate, supply chains are getting created, and multiple countries whether it is India, Indonesia, Vietnam, South America whichever company or whichever corporates will have their own strengths, they will get their share of business, so that is a mega trend that we are going to witness over the next three, five, seven, ten years and we strongly believe that will continue. So, can we also say we have moved from chaos to clarity because the world is reshuffling and India definitely is standing out. The kind of cues and triggers you just mentioned, the kind of sectors that is going to benefit now, do you think among the emerging market pack India is definitely going to stand out in a couple of quarters' time frame that you just mentioned? Sachin Shah: Well, we definitely believe so and it is not that we will have a share for all the businesses, but at least there are seven or eight sectors where we believe that Indian corporates have the right to win. They have demonstrated that they have the domain expertise. They have demonstrated that they can deliver the scale for the global demand and where they also respect the intellectual property rights. So, whether it is auto ancillaries, speciality chemicals, pharmaceuticals, electronics manufacturing, engineering and within engineering I would say hardcore engineering, power equipments, textiles, so these are few sectors where we believe that Indian corporates, Indian companies have clearly demonstrated the right to win and over the next two-three quarters, we are really standing out in terms of our incremental market share that we are going to gain over the next few years. So, you are suggesting that there is going to be an incremental market share that India is going to corner with respect to the other emerging markets, but is that the view that you hold for FIIs as well and, of course, now that at the moment the India-Pakistan skirmishes, well both sides have agreed for an understanding, a larger understanding, minister Piyush Goyal is also in the United States, but what could be the next big trigger for the Indian markets to sort of have a disproportionate movement. Sachin Shah: So, as far as foreign institutional investors are concerned, the trend is clearly reversed there. Since the month of March, April, and even May we are seeing significant amount of positive flows on a continuous basis and even if you see some of the hardcore data, the selling started sometime in I would say September 24 or October 24, they sold almost worth two lakh plus crores from October till February or March and that was the number that they had bought from January 24 to almost September 24th. ADVERTISEMENT What I am trying to say is that the hot money which had come in probably went out and it got more or less settled and now we are seeing very decent amount of, very-very stable long-term money which is we are getting. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
21-05-2025
- Business
- Time of India
FII flows turn positive; long-term capital returning to India: Sachin Shah
"Clearly, US corporates are looking at global alternate, supply chains are getting created, and multiple countries whether it is India, Indonesia, Vietnam, South America whichever company or whichever corporates will have their own strengths, they will get their share of business, so that is a mega trend that we are going to witness over the next three, five, seven, ten years and we strongly believe that will continue," says Sachin Shah , Emkay Investment Managers . Now Moody's upgrade has come in. China has also decided to cut its lending rate and, of course, China and the United States are engaged in a slew of discussions with respect to the trade deal, the interim trade deal that they signed. How do you expect all of this global market action to have an impact on the India market? Sachin Shah: So, the good thing is that the trade war that we were all witnessing for the last few months, the intensity over there seems to be cooling off quite significantly from US with most of the countries, so that is a very positive thing and Indian companies obviously wherever we have a strong value proposition from each of our businesses, this is what I have mentioned a few times even earlier on this show, that wherever we have our strong value propositions whether it is your speciality chemicals, pharmaceuticals, textiles, electronics, manufacturing, engineering, quite a few other industries I do not think there is going to be any challenge over there. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Moose Approaches Girl At Bus Stop In National Capital Region - Watch What Happens Happy in Shape Undo Clearly, US corporates are looking at global alternate, supply chains are getting created, and multiple countries whether it is India, Indonesia, Vietnam, South America whichever company or whichever corporates will have their own strengths, they will get their share of business, so that is a mega trend that we are going to witness over the next three, five, seven, ten years and we strongly believe that will continue. So, can we also say we have moved from chaos to clarity because the world is reshuffling and India definitely is standing out. The kind of cues and triggers you just mentioned, the kind of sectors that is going to benefit now, do you think among the emerging market pack India is definitely going to stand out in a couple of quarters' time frame that you just mentioned? Sachin Shah: Well, we definitely believe so and it is not that we will have a share for all the businesses, but at least there are seven or eight sectors where we believe that Indian corporates have the right to win. They have demonstrated that they have the domain expertise. They have demonstrated that they can deliver the scale for the global demand and where they also respect the intellectual property rights. So, whether it is auto ancillaries, speciality chemicals, pharmaceuticals, electronics manufacturing, engineering and within engineering I would say hardcore engineering, power equipments, textiles, so these are few sectors where we believe that Indian corporates, Indian companies have clearly demonstrated the right to win and over the next two-three quarters, we are really standing out in terms of our incremental market share that we are going to gain over the next few years. Live Events So, you are suggesting that there is going to be an incremental market share that India is going to corner with respect to the other emerging markets , but is that the view that you hold for FIIs as well and, of course, now that at the moment the India-Pakistan skirmishes, well both sides have agreed for an understanding, a larger understanding, minister Piyush Goyal is also in the United States, but what could be the next big trigger for the Indian markets to sort of have a disproportionate movement. Sachin Shah: So, as far as foreign institutional investors are concerned, the trend is clearly reversed there. Since the month of March, April, and even May we are seeing significant amount of positive flows on a continuous basis and even if you see some of the hardcore data, the selling started sometime in I would say September 24 or October 24, they sold almost worth two lakh plus crores from October till February or March and that was the number that they had bought from January 24 to almost September 24th. What I am trying to say is that the hot money which had come in probably went out and it got more or less settled and now we are seeing very decent amount of, very-very stable long-term money which is we are getting.
