Latest news with #VishalMehta
Mint
2 days ago
- Business
- Mint
Infibeam Avenues Rights Issue: Small-cap stock up 3% as rights issue record date, ratio, price, other key details out
Infibeam Avenues share price rallied over 3% on Friday after the company approved the launch of rights issue to raise up to ₹ 699.99 crore. The small-cap stock gained as much as 3.54% to ₹ 22.22 apiece on the BSE. The Rights Issue Committee of Infibeam Avenues, at its meeting held on June 19, approved raising funds of up to ₹ 6,99,98,57,230 through the rights issue. Infibeam Avenues' promoter group has announced its participation in the company's Rights Issue. 'The Promoter and Promoter Group have confirmed that they will subscribe to the rights entitlements to the full extent and may renounce them, in full or in part, only in favour of members of the Promoter and Promoter Group. They also intend to subscribe to additional shares and any unsubscribed portion of the issue, subject to compliance with minimum public shareholding norms,' Infibeam Avenues said in a release. Infibeam Avenues also fixed the Record Date for the Rights Issue of equity shares of the company. 'This Rights Issue offers our loyal shareholders a meaningful opportunity to participate in the company's next transformative phase. The capital raised will drive innovation, scale, and strategic expansion — in lockstep with our investor community,' said Vishal Mehta, Chairman and Managing Director, Infibeam Avenues Ltd. Here are key details of Infibeam Avenues Rights Issue: Rights Issue Dates: Infibeam Avenues Rights Issue will open on Thursday, July 3, 2025, and close on Friday, July 11, 2025. The last date for on-market renunciation of rights entitlements is Monday, July 7, 2025, and for off-market renunciation, it is Thursday, July 10, 2025. Total Rights Issue Shares: Infibeam Avenues rights issue comprises 69,99,85,723 partly paid-up equity shares of face value ₹ 1 each. Rights Issue Price: The issue price for the Infibeam Avenues rights equity shares is ₹ 10 per share (including a premium of ₹ 9 per share). Rights Issue Payment Schedule: The amount payable will be made in two tranches — ₹ 5 per share on application ( ₹ 0.50 towards face value and ₹ 4.50 towards premium), and the remaining ₹ 5 on a final call to be determined by the Board or the Rights Issue Committee. Rights Issue Size: The total size of Infibeam Avenues Rights Issue is ₹ 6,99,98,57,230. Rights Issue Record Date: The record date to determine eligible shareholders for Infibeam Avenues Rights Issue is June 26, 2025. Eligible Rights Entitlement Ratio: Infibeam Avenues Rights Issue ratio is 67:267, which means shareholders will be entitled to 67 rights equity shares for every 267 fully paid-up equity shares held on the record date. Outstanding Equity Shares: Assuming full subscription, the total outstanding equity shares of the company after the Rights Issue will increase to 3,48,94,81,069 from 2,78,94,95,346. At 11:25 AM, Infibeam Avenues share price was trading 1.40% higher at ₹ 21.76 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
02-06-2025
- Business
- Mint
Forging a 21st-Century Green Superpower: India's Renewables, Storage, and Hydrogen Revolution
In a no-holds-barred assessment of India's transition to green energy, Mahesh Kolli, Founder and Group President,Greenko Group, and Vishal Mehta, India Leader, Energy Practice at BCG, chart India's pathway to building a low-carbon economy and achieving energy self-reliance. Their conversation is featured in Episode 2 of the India for the World podcast by Mint and BCG, which delves into India's ambitious energy transition goals, including the pursuit of 500 GW of renewables by 2030, the promise of green hydrogen, and the critical role of energy storage. Let's start with the good news: with hundreds of gigawatts of solar and wind potential spread across the country, and a robust, unified power-grid network (the third largest in the world), India has all the ingredients to scale low-carbon energy rapidly. In 2024 alone, the country installed more than 28 GW of solar and wind capacity, the third-highest addition worldwide, cementing its place as a global leader in the energy transition. What lies ahead is the chance to redefine India's role in the global energy value chain. For India, building on this strong foundation and moving from spending $250 billion on fossil-fuel imports to becoming a global supplier of low-carbon energy calls for a three-pronged approach. Integrating almost 400 GW of intermittent renewables—solar and wind—means synchronising generation with demand. Unlike conventional sources, solar and wind output fluctuates hourly and seasonally. India already experiences a 20–30 percent gap between daily peak and baseload demand, and similar swings across the year. Balancing these variations will require a portfolio of storage solutions. Rather than betting on a single technology, India must evaluate and deploy each option for the task at hand—for example, lithium-ion batteries for short-duration balancing, pumped-hydro for medium-term storage, and emerging long-duration chemistries for seasonal shifts. Keeping a system-level target of about INR 5/kWh for renewable-energy-plus-storage costs will mark the tipping point at which coal power can give way to intermittent renewables. India's vast solar potential—and well-honed execution capabilities—has made solar the hero of its renewables story, but grid stability demands equal emphasis on other low-carbon sources. First, wind capacity must keep pace, supplying complementary generation during non-solar hours. Second, innovative nuclear technologies, such as Small Modular Reactors (SMRs), can provide the firm baseload needed for a low-carbon power system. The Indian government's new target of 100 GW of nuclear power by 2047, along with the marquee decision to involve private players, can bring the same capital, technical know-how, and execution speed that catapulted solar. While storage and new low-carbon generation underpin energy self-reliance, green hydrogen can turn India from an energy importer into an exporter. This is underpinned by India's large annual consumption of Hydrogen which exceeds six million tonnes (already larger than that of Western Europe) and offers stable demand to de-risk projects. India's deep technological and operational expertise in derivatives such as ammonia and methanol will enable faster roll-out of large-scale integrated plants. With the National Green Hydrogen Mission kickstarting India's green hydrogen revolution by bringing down the cost of domestic green hydrogen to $2-3/ kg, India stands at the cusp of a unique opportunity to not only displace $15-20 billion of LNG imports, but to also establish itself as a supplier of low-carbon molecules, ergo low-carbon energy, to regions such as Japan, Korea and Europe. To sum up, India's energy sector is poised to embody 'Local for Global,' strengthening the nation's status as an indispensable trade partner worldwide. Indian businesses and the government must act now to seize this opportunity and lay the foundation for a green "Vishwaguru Bharat'. Note to readers: This article is part of Mint's paid consumer connect Initiative. Mint assumes no editorial involvement or responsibility for errors, omissions, or content accuracy. Want to get your story featured as above? click here!
Fashion Network
02-06-2025
- Business
- Fashion Network
Infibeam Avenues Q4 net profit rises 20 percent to Rs 55 crore
B2B payments firm Infibeam Avenues posted a 20 percent increase in consolidated net profit to Rs 55 crore for the March quarter, as against Rs 47 crore in the year-ago period. The company's revenue for the quarter grew 62 percent year-on-year to Rs 1,160 crore. For the full financial year, consolidated net profit rose 51 percent to Rs 236 crore while consolidated revenue grew to Rs 3,992 crore from Rs 3,150 crore in the previous year. The payments segment, which includes the CCAvenue payment gateway and other related services, remained the primary revenue driver, contributing over Rs 3,786 crore to the full-year top line. The e-commerce platform business added another Rs 20 crore to revenue. Commenting on the results, Vishal Mehta, chairman managing director of Infibeam in a statement said, 'Our continued expansion in the Middle East and our foray into the AI space with new, transformative offerings are setting the stage for the next phase of growth. As part of this vision, we plan to invest up to USD 100 million over the next three years in advancing our AI capabilities—from intelligent payment solutions to next-generation infrastructure.'
Zawya
20-05-2025
- Business
- Zawya
Ardee set for sales launch of 523-unit Fairmont Residences project in RAK
UAE-based Ardee Developments has announced the launch of sales of its key project Fairmont Residences Al Marjan Island, its highly anticipated branded residential offering in partnership with Fairmont Hotels & Resorts, from June 1. The expressions of interests for the project kicked off last week, marking a major milestone in the evolution of Ardee Al Marjan Island, the company's flagship, multi-billion-dirham development set to redefine coastal living in Ras Al Khaimah. Fairmont Residences Al Marjan Island will comprise 523 upscale residences - including apartments, townhouses, and sea villas - ranging from one- to six-bedrooms and spanning 86 sq m to over 300 sq m. The Emirati group said each and every home is thoughtfully designed to embody refined beachfront living, with ninterrupted sea views and elegant interiors that reflect timeless sophistication. Bringing together the prestige of the Fairmont brand with the ease of resort-style living, residents will enjoy exclusive access to a private beach, the Fairmont Fit Fitness Centre, and Studio, family & kids pool, adults sky pool & terrace & bar, dedicated boardroom and private dining room. They will also get access to resident's owners lounge along with other wellness facilities including treatment rooms, screening room, games room, kids club and seamless connectivity to the adjacent Fairmont resort, stated the developer. In addition, residents will enjoy exclusive access to the Accor Owner Benefits Program. This includes Diamond status in the Accor Live Limitless (ALL) programme, the ability to gift Gold status to family and friends, and VIP privileges at over 5,700 hotels and resorts around the world. Further enriching the offering is a tailored suite of à la carte services. From in-home catering and private chef experiences to childcare, dog walking, housekeeping, personal concierge support, and a home maintenance program while residents are away, every element is designed to simplify and enhance everyday living, it added. Ardee Developments CEO Vishal Mehta said: "As we prepare to open sales of Fairmont Residences Al Marjan Island this June, we are proud to invite buyers into a community that reflects excellence at every level. In partnership with Al Marjan Island, Fairmont Hotels, and Christie's International Real Estate, we are shaping a new era of luxury coastal living in Ras Al Khaimah - one defined by world-class design, hospitality, and lifestyle, brought together in a truly integrated destination." To support global sales efforts, Ardee Developments has appointed Christie's International Real Estate Ras Al Khaimah as the exclusive master agency. Christie's will lead GCC and international outreach and client servicing, ensuring a seamless buyer journey. "This is a vibrant and integrated coastal lifestyle community that combines natural beauty, unparalleled hospitality and leisure not seen in the area before," remarked Jackie Johns and Dinesh Chhatwani, Managing Partners at Christie's International Real Estate Ras Al Khaimah. "Ras Al Khaimah's momentum as a global hospitality and investment hub, and its rapidly growing real estate market, makes it the ideal launchpad for Ardee Developments to execute its grand vision," they stated. With prices starting from AED2.49 million, Fairmont Residences Al Marjan Island offers an exclusive opportunity for discerning buyers seeking long-term value, effortless luxury, and a lifestyle defined by exceptional quality in one of the region's most iconic coastal destinations. Key components of the masterplan include branded and serviced residences, private villas, townhouses, a flagship luxury hotel, and a vibrant retail and F&B promenade, said Mehta. The destination will also feature a variety of curated lifestyle offerings - from wellness hubs and gaming lounges to family entertainment zones and waterfront experiences - all designed to create a future-ready, immersive community, he added. Prioritizing walkability, nature access, and sea connectivity, the project will boast expansive green spaces, direct beach access, and panoramic views, setting a new standard for contemporary island living in Ras Al Khaimah. Beyond the residences, guests were given an exclusive look at the next phase of the Ardee Al Marjan Island masterplan. The development is progressing into a fully integrated coastal destination that blends residences, hospitality, leisure, retail, and entertainment on an unprecedented scale, said the developer. Upon completion, Ardee Al Marjan Island will be the largest and most ambitious development of its kind on Al Marjan Island spanning over 2.5 million sq ft area.- TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Arabian Business
15-05-2025
- Business
- Arabian Business
Ras Al Khaimah real estate: Fairmont Residences Al Marjan Island sales to open on June 1 with $680,000 branded properties
Ras Al Khaimah real estate investors will be able to buy properties in Fairmont Residences Al Marjan Island from June 1. Ardee Developments announced the launch of sales for the branded residential offering in partnership with Fairmont Hotels and Resorts. Sales will commence on June 1, with expression of interest now launched. Prices start from AED2.49m ($678,000). Fairmont Residences Al Marjan Island in Ras Al Khaimah Fairmont Residences Al Marjan Island will comprise 523 upscale residences, including apartments, townhouses, and sea villas, ranging from one to six bedrooms and spanning 86 m² to more than 300 m². The Fairmont branded residences will include amenities such as: Access to a private beach Fairmont Fit Fitness Centre and Studio Family and kids pool Adults sky pool Terrace & bar Dedicated boardroom Private dining room Resident's owners lounge Wellness treatment rooms Screening room Games room Kids' club In-home catering Private chef experiences Childcare Dog walking Housekeeping, Personal concierge support Home maintenance program In addition, residents will enjoy exclusive access to the Accor Owner Benefits Program. This includes Diamond status in the Accor Live Limitless (ALL) programme, the ability to gift Gold status to family and friends, and VIP privileges at over 5,700 hotels and resorts around the world. Vishal Mehta, CEO of Ardee Developments, said: 'As we prepare to open sales of Fairmont Residences Al Marjan Island this June, we are proud to invite buyers into a community that reflects excellence at every level'.
