Marathon NextGen Realty
628.20
-12.90(-2.01%)
Market Cap₹3,216.90 Cr
PE Ratio17.58
IndustryRealty
Company Performance:
1D-2.01%
1M+28.00%
6M+4.33%
1Y+8.49%
5Y+970.19%
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Latest news about Marathon NextGen Realty
Marathon NextGen Realty Ltd Launches ₹900 Crore QIP at 12% Discount 1 day ago Yesterday
Marathon NextGen Realty Ltd has announced a Qualified Institutional Placement (QIP) to raise ₹900 crore. Shares are offered at ₹555.12 each, a 12% discount to the floor price of ₹584.34. The funds will be allocated for subsidiary investment (₹160 crore), debt repayment (₹340 crore), land acquisition (₹300 crore), and general corporate purposes (₹100 crore). This move aims to strengthen the company's financial position, reduce debt, expand land bank, and support growth initiatives in the real estate sector.