Sobha Ltd just lately accredited a Rs 2,000 crore rights issue to gas development. The company aims to develop 50 million sq ft across key cities over four years. Axis Securities highlighted Prestige Estates’ strong financial performance and diversified business model. With report pre-sales and collections in FY24, Prestige eyes significant free money flows from ongoing and upcoming initiatives. The firm’s projected launch for FY25 is predicted to bring Rs fifty nine,000 crore in revenue, sustaining a debt-to-equity ratio of 0.sixty six.
“By the tip of 2023, we should see between 900,000 and 950,000 transactions in a single 12 months,” …