Latest news with #REA
Business Standard
17 hours ago
- Business
- Business Standard
Board of Aurum Proptech approves acquisition of PropTiger
At meeting held on 23 July 2025 The Board of Aurum Proptech at its meeting held on 23 July 2025 has approved the acquisition of 100% equity shares of PropTiger Marketing Servies India, India (PropTiger), from REA India, Singapore (REA) through an all-stock, strategic equity swap and execution of the Share Acquisition Agreement with REA and PropTiger in relation to such acquisition. The Board also approved the issuance of 42,42,537 fully paid-up equity shares (face value INR 5/-) of the Company on a preferential basis (Preferential Issue) to REA, towards the discharge of consideration payable for the acquisition of 100% equity shares of PropTiger, as per the above. PropTiger is currently engaged in providing consultancy, counselling, advisory and marketing and facilitation services in relation to properties of any and all kinds.
News.com.au
5 days ago
- Business
- News.com.au
Melbourne: Less listings, rising prices facing home buyers
Melbourne home buyers are facing less choice and a growing risk of imminent price rises after the number of new listings across the city substantially slumped last month. A report released this week shows the amount of new abodes listed in Victoria's capital dropped 14.1 per cent in June, compared to May. While winter starting traditionally leads to fewer homes being put up for sale, there was also a 4.4 per cent decrease in new listings across the 12 months to June. Phone bidder from NSW swoops at entry-level Leopold auction And research arm, PropTrack, is expecting 666 across Victoria this week, 19 per cent less than the same time last year. PropTrack senior economist Angus Moore said that having less stock on the market could lead to increased competition and, in turn, support home prices. 'We're expecting to see a couple more rate cuts this year – coupled with the fact Melbourne home prices have been consistently increasing this year for the first time since the RBA started raising rates, that's likely to support vendor confidence,' Mr Moore said. Total Melbourne listings, meaning all homes up for sale, not just new ones, declined 5.8 per cent from June 2024 to June 2025. Plus, PropTrack data last week revealed the city's median house price rose 1.6 per cent to hit $979,979 in June. Industry experts have tipped that Greater Melbourne's median house vale could top seven-figures before December. Victoria also recorded a 66 per cent clearance rate last week. Real Estate Institute of Victoria interim chief executive Jacob Caine said that the state's weekly clearance rates had been incrementally ticking upwards. 'We would attribute that to even though we didn't get an interest-rate cut last week, buyers and sellers are pricing in interest rate cuts to their buying and selling decisions,' Mr Caine said. 'So there's an anticipation of an easing in terms of repayment amounts and interest rates – and as a result, people are starting to demonstrate a little bit more confidence, whether that's from a buying perspective, or from having the confidence to go to the market and sell.'
Business Standard
15-07-2025
- Business
- Business Standard
Ramky Infrastructure executes restructuring exit agreement with its lenders
Completes debt restructuring of Rs 3959.81 cr Ramky Infrastructure becoming one of the few Indian companies to successfully execute a Restructuring Exit Agreement (REA) with its lenders. The company had earlier entered into a Restructuring Agreement (RA) on 12 June 2015, to reorganize a total debt of Rs 3,859.81 crore, comprising both term loans and working capital facilities. The restructured term loans were fully repaid by June 2019. Subsequently, on 11 July 2025, Ramky Infrastructure and its lenders formally executed the REA. As a result, all working capital facilities are now classified as regular and standard by the lenders. This milestone reflects the company's resilience and prudent financial management. With no outstanding term loans and a successful exit from the restructuring framework, Ramky Infrastructure is now well-positioned to improve both its external credit ratings and internal bank assessments, thereby strengthening its overall financial profile.
United News of India
15-07-2025
- Business
- United News of India
Ramky Infra begins debt-free growth journey after fully repaying INR 3,859.81 Cr
Hyderabad, July 15 (UNI) Ramky Infrastructure Limited (Ramky, a flagship company of Ramky Group), one of the leaders in the realm of infrastructure development, has become one of the few Indian companies to successfully execute a Restructuring Exit Agreement (REA) with its lenders. The company had earlier entered into a Restructuring Agreement (RA) on June 12, 2015, to reorganize a total debt of INR 3,859.81 crores, comprising both term loans and working capital facilities. The restructured term loans were fully repaid by June 2019, the Hyderabad-based company said in a release here today. Subsequently, on July 11, 2025, Ramky Infrastructure and its lenders formally executed the REA. As a result, all working capital facilities are now classified as regular and standard by the lenders. With no outstanding term loans and a successful exit from the restructuring framework, Ramky Infrastructure is now well-positioned to improve both its external credit ratings and internal bank assessments, thereby strengthening its overall financial profile. Y.R. Nagaraja, Managing Director, Ramky Infrastructure Ltd said: "Entering REA not only fortifies our financial position, but also empowers us to aggressively pursue our strategic objectives in the rapidly expanding sustainable infrastructure market. We are committed to delivering enhanced value to our shareholders and contributing to India's infrastructure development. We extend our sincere gratitude to all the shareholders, investors, lenders, auditors, and other internal and external stakeholders for their invaluable and continued support." UNI KNR RN
Hans India
14-07-2025
- Sport
- Hans India
Take part in sports to stay healthy, revenue staff told
Nellore: District Collector O Anand has asked the revenue employees to participate in the Sports and Games as such initiative will help them to maintain better health and mental condition. The Collector was speaking at the valedictory function of the 10th 3-day Revenue Sports and Cultural Meet organised at Anam Chenchu Subba Reddy Stadium in the city here on Sunday. Speaking on the occasion, the Collector has said that employees working in the revenue department face several health issues as they have heavy workload. The Collector said that taking part in sports and practising Yoga would help the employees overcome stress and keep themselves fit. On the occasion, the Collector appreciated the Revenue Employees Association (REA) for organising Sports and Cultural Meets for the last 10 years. AP Revenue Association (APRA) State president Bopparaju Venkateswarlu has said that it has been proposed to organiae State-level Sports and Cultural Meet very soon. The APRA state president who participated as special guest in the programme said that the State government has also positively responded to the proposal. Some budget is being allocated in this regard. He said AP government sent back the Telangana State revenue department employees to their native places immediately after the 2024 elections. Ealier Land Administration Principal Secretary who visited the Nellore district presented the medals for winners and runners-up in the event. DRO Husain Saheb and others were present.
