Marathon NextGen Realty Limited announced robust Q1 financial results with consolidated revenue of ₹14,081.47 lakhs and net profit of ₹6,157.33 lakhs. The company successfully completed a Qualified Institutional Placement (QIP) raising ₹89,999.99 lakhs by issuing 1,62,12,406 equity shares at ₹555.13 per share. Following the QIP, the company amended its Composite Scheme of Amalgamation and Arrangement, revising share exchange ratios. The shareholding pattern changed significantly, with promoter holding decreasing to 55.92% and public holding increasing to 44.08%. The company's 48th Annual General Meeting is scheduled for September 24.
31Jul 25
Marathon Realty Releases NDU on 26.1 Million Shares of Marathon NextGen Realty
Marathon Realty Private Limited, the major shareholder of Marathon NextGen Realty, has released 26,116,151 shares (38.74% of total share capital) from a non-disposal undertaking (NDU). This release follows the repayment of a loan to Piramal Capital and Housing Finance Limited, effective July 23, 2025. Marathon Realty Private Limited retains a 51.15% stake (34,482,646 shares) in Marathon NextGen Realty. The revised disclosure was submitted to stock exchanges in compliance with SEBI regulations.
25Jul 25
Marathon Realty Releases Non-Disposal Undertaking on 38.74% Stake in Marathon NextGen Realty
Marathon Realty Private Limited (MRPL) has released a non-disposal undertaking (NDU) on 26,116,151 shares (38.74%) of Marathon NextGen Realty Limited (MNRL) on July 23, 2025. This action increases MRPL's unencumbered stake in MNRL to 51.15% (34,482,646 shares). The NDU was previously held with Piramal Capital and Housing Finance Limited as the lender. The release complies with SEBI regulations and clarifies MRPL's March 2025 statement about not pledging its MNRL shareholding.
07Jul 25
Marathon NextGen Realty Shares Surge 3.57% Amid Bulk Deals by Nomura and NECTA Bloom
Marathon NextGen Realty's stock closed at Rs 691.80, up 3.57%, despite major bulk deals. Nomura Singapore sold 4.4 lakh shares at Rs 670.11 each, totaling over Rs 29.48 crore. NECTA Bloom VCC - NECTA Bloom One sold 3.6 lakh shares, amounting to approximately Rs 24.12 crore. The stock's resilience in the face of institutional selling suggests strong market interest.
01Jul 25
Marathon NextGen Secures ₹900 Crore Through Successful QIP
Marathon NextGen Realty has successfully completed a Qualified Institutional Placement (QIP), raising ₹900 crore. The company sold 1.62 crore shares to qualified institutional buyers at ₹555.13 per share. This fundraising is expected to strengthen the company's financial position, potentially enabling expansion of existing projects, acquisition of new land parcels, debt reduction, and other corporate purposes. The successful QIP demonstrates strong investor confidence in Marathon NextGen Realty and its ability to effectively access capital markets.
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.