Latest news with #Titania
Economic Times
a day ago
- Business
- Economic Times
PropShare Titania SM REIT IPO opens today. Check key details before subscribing
PropShare Titania's IPO is now available for subscription. This marks an early listing for a Sebi-registered SM REIT. The IPO offers a fresh issue of Rs 473 crore. The price band is between Rs 10,00,000 to Rs 10,60,000 per unit. Bidding closes on Friday. Listing on BSE is expected on Monday. The IPO focuses on income-generating real estate assets. Tired of too many ads? Remove Ads About the issuer Tired of too many ads? Remove Ads The IPO of PropShare Titania, a scheme under the Property Share Investment Trust, opened for subscription on Monday, marking one of the earliest listings from a Sebi-registered Small and Medium Real Estate Investment Trust ( SM REIT ).The issue is a fresh offer of Rs 473 crore and is being offered in a book-building format, with a price band of Rs 10,00,000 to Rs 10,60,000 per unit. Bidding will remain open until Friday and listing is tentatively scheduled on BSE on IPO offers one unit per lot, with a minimum application size of Rs 10.6 lakh, restricting participation primarily to high-net-worth individuals and institutional to 75% of the issue is reserved for QIBs, while the remaining 25% is for non-institutional investors (NIIs). No retail quota has been carved Titania is the second scheme floated under the Property Share Investment Trust, registered in June 2024. The trust is backed by Axis Trustee Services Ltd, a prominent name in fiduciary services, acting as the trustee for REITs, InvITs, AIFs, and other structured particular offering is focused on acquiring and managing income-generating real estate assets through its Titania SPV. The SPV structure allows the REIT to directly or indirectly own completed commercial properties that generate regular rental from the issue will be deployed as follows:Rs 217 crore to acquire the entire equity of the Titania SPVRs 232.94 crore to repay debentures (OCDs) issued by the Titania SPV, including accrued interestThe remaining amount will be used for general purposesWith its entry, PropShare Titania becomes a pioneer in India's nascent SM REIT segment. While traditional REITs target large institutional investors and mega portfolios, the SM REIT framework allows more focused participation in smaller-ticket, single-asset or single-city opportunities.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
7 days ago
- Business
- Time of India
PropShare Titania SM REIT files ₹473 crore issue
NEW DELHI: Property Share Investment Trust (SM REIT) has filed the key information of the trust and key information of the scheme for PropShare Titania , their second scheme under the trust aggregating to up to ₹473 crore. The bid/issue will open on July 21, 2025 and close on July 25, 2025. The price band for the issue is ₹10 lakh to ₹10.6 lakh per Titania unit. The minimum bid size is ₹10,00,000 the minimum investment amount. Bids can be made for a minimum of one Titania unit and in multiples of one Titania unit thereafter by bidders. The IPO comprises of a fresh issue of Titania units with no offer for sale component. Property Share will also invest a minimum 5% of the Titania units of the scheme from its capital into the offering as the investment manager contribution. PropShare Titania comprises of a 4,37,973 sq ft Grade A+ office space in G Corp Tech Park located in Thane, Mumbai Metropolitan Region. The asset is 100% occupied by a diversified tenant portfolio including Billdesk (Razorpay), Control Risks, Aptara, and Piramal Pharma Solutions, with a Weighted Average Lease Expiry (WALE) of 5.6 years as of June 2025. The scheme projects a distribution yield of 9% annually for FY26, FY27, and FY28, and 8.7% in FY29. Distributions will include interest income, dividends, and capital repayment, with investors expected to receive approximately ₹42–45 lakh per unit over four years. The investment manager to the trust is Property Share Investment Manager . The net proceeds are proposed to be utilized to the extent of ₹217 crore for acquisition of the entire issued and paid-up equity share capital of the Titania SPV as per the share purchase agreement; ₹232.94 crore for providing loan to the Titania SPV for extinguishment and redemption of the debenture liability of the Titania SPV, by redeeming the OCDs (including any accrued interest); and general corporate purposes. Kotak Mahindra Capital Company is the sole lead manager (BRLM) to the issue and KFin Technologies is the registrar to the issue. Cyril Amarchand Mangaldas is the domestic legal counsel for the Trust and investment manager in relation to the issue and Trilegal is the domestic legal counsel for the sole lead manager in relation to the Issue. Axis Trustee Services is the trustee for the issue.
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Business Standard
7 days ago
- Business
- Business Standard
PropShare Titania's ₹473-crore SM Reit IPO set to open on 21 July
The ₹473-crore initial public offering (IPO) of PropShare Titania, the second scheme of Property Share Investment Trust (PSIT), a small and medium real estate investment trust (SM Reit), is set to open on 21 July (Monday). The issue will close on Friday, 25 July 2025. The price band for the issue is ₹10 lakh to ₹10.6 lakh per Titania unit. Bids can be made for a minimum of one Titania unit and in multiples of one unit thereafter. The IPO comprises a fresh issue of Titania units, with no offer-for-sale component. This issue is being made through the book-building process. PSIT had filed offer-related documents in May. PropShare Titania comprises 4.37 lakh square feet of grade A+ office space in G Corp Tech Park, located in Thane, Mumbai Metropolitan Region (MMR). The asset is 100 per cent occupied by a diversified tenant portfolio comprising Fortune 500 companies, multinational corporations, and blue-chip tenants, including Aditya Birla Capital and Concentrix. The net proceeds of the issue are proposed to be utilised as follows: ₹217 crore for acquisition of the entire issued and paid-up equity share capital of the Titania special purpose vehicle (SPV) as per the share purchase agreement; ₹232.94 crore for providing a loan to the Titania SPV for extinguishment and redemption of the debenture liability; and the remainder for general corporate purposes. Kunal Moktan, co-founder, Property Share, said: 'This marks another milestone in our mission to create a transparent, liquid, and institutional-quality real estate investment platform for individual investors. In a volatile equity market environment, rent-yielding commercial assets like SM Reits are emerging as an alternative investment opportunity for investors.' Earlier, in November 2024, PSIT issued a ₹353-crore IPO for its first scheme, PropShare Platina, also an entirely fresh issue. Additionally, SM Reits are a new asset class introduced by the Securities and Exchange Board of India (Sebi) as a sub-class within the Reit framework for assets valued between ₹50 crore and ₹500 crore. Similar to Reits, SM Reit units must be listed on stock exchanges but with a minimum lot size of one unit worth ₹10 lakh. SM Reits are not permitted to invest in under-construction assets or land and must distribute 95 per cent of earnings as distributions to unit holders.
Yahoo
12-06-2025
- Science
- Yahoo
'Uranus is weird.' Big moons of tilted ice giant hide a magnetic mystery, Hubble telescope reveals
When you buy through links on our articles, Future and its syndication partners may earn a commission. New data from the Hubble Space Telescope suggests that Uranus' largest moons are gathering dust — literally. Uranus, the seventh planet from the sun and home to 28 known moons, is well known for its bizarre tilt. The planet spins almost completely on its side, an oddball orientation that twists its magnetic field into a warped and constantly shifting force, which scientists have long thought would leave visible scars on its moons by bombarding them with charged particles. However, new Hubble Space Telescope observations of Uranus' four largest moons — Ariel, Umbriel, Titania and Oberon — show no clear signs of the expected radiation damage, Christian Soto of the Space Telescope Science Institute in Maryland, who led the analysis, told reporters on Tuesday (June 10) at the 246th American Astronomical Society (AAS) press conference in Alaska. Based on data from NASA's Voyager 2 flyby in 1986 and decades of modeling, scientists expected the trailing hemispheres of Uranus' moons — the sides opposite their direction of travel — to be visibly darkened by radiation. The leading sides, by contrast, were expected to remain relatively brighter. Instead, the researchers found that the two outer moons, Titania and Oberon, are darker on their leading sides, the opposite of what they had predicted. The visible darkening, they say, doesn't come from Uranus' magnetic field at all, but from dust. Hubble's data points to a slow inward drift of dust from Uranus' distant irregular moons, which orbit between 2.5 to 13 million miles (4 to 20 million kilometers) from the planet. These outer moons are constantly bombarded by micrometeorites, which kick up particles that gradually spiral inward over millions of years, Soto said. As Titania and Oberon travel through this diffuse dust cloud, they accumulate the particles mostly on their leading sides. "Think of driving very fast on a highway, and bugs are hitting your windshield — that's what we're seeing here," Soto said during the press briefing. Interestingly, the inner moons Ariel and Umbriel show no significant difference in brightness between their leading and trailing sides — possibly because the drifting dust doesn't reach them, thanks to shielding by Titania and Oberon. "Dust collection — I didn't even expect to get into that hypothesis," Richard Cartwright, a planetary scientist at the Johns Hopkins University's Applied Physics Laboratory in Maryland, said in a statement. "But you know, data always surprise you." As for the role of Uranus' powerful magnetic field, researchers now suspect that its effects might be subtler or more complex than previously thought. It may still be interacting with the moons, but not in a way that creates strong contrasts on their surfaces. RELATED STORIES: — Uranus: Everything you need to know about the coldest planet in the solar system — Are there hidden oceans inside the moons of Uranus? Their wobbles could tell us — A day on Uranus is actually longer than we thought, Hubble Telescope reveals "Uranus is weird, so it's always been uncertain how much the magnetic field actually interacts with its satellites," Cartwright said in the statement. The findings highlight how little we still know about Uranus. Apart from Voyager 2's brief flyby nearly 40 years ago, coincidentally during a rare solar event, no dedicated mission has ever visited the planet. To learn more, Soto's team has scheduled follow-up observations with the James Webb Space Telescope within the next year. Using infrared imaging, Webb will take a closer look at the same moons, potentially confirming whether dust, radiation or a combination of both is shaping their surfaces. "Why do we do this?" Soto said at the briefing. "Well, Uranus is weird — so why not?"
Forbes
11-06-2025
- Science
- Forbes
Hubble Space Telescope Reveals Moons And Rings Of ‘Weird' Uranus
NASA's Hubble Space Telescope has snapped new images of the solar system's seventh planet, Uranus, revealing not only its rings but new secrets about its intriguing moons and how its magnetic field works. The five largest moons of Uranus – sometimes called the 'classical moons' — appear in a jagged, ... More roughly diagonal line from top right to bottom left. These are labeled Titania, Oberon, Umbriel, Miranda and Ariel. Also visible is Ariel's shadow, which is superimposed on Uranus. Faint, ghostly, Saturn-like rings encircle the blue ice giant. Hubble's new ultraviolet image of Uranus, taken with its Advanced Camera for Surveys, shows the gas giant planet in space with its five largest moons — often referred to as its 'classical moons' — in a jagged line. The moons — Titania, Oberon, Umbriel, Miranda and Ariel — were captured in the image, which was published on June 10. Ariel can be seen transiting the disk of Uranus, with its shadow apparent on the planet's blue methane-rich atmosphere. All may be 'ocean worlds,' which could host life. The image also shows faint, ghostly rings around Uranus. According to NASA, Uranus has 13 faint rings in total, divided into two distinct sets. In 2023, the James Webb Space Telescope imaged the rings of Uranus and six of its 27 moons and is expected to do so again. The five largest moons of Uranus – sometimes called the 'classical moons' — appear in a jagged, ... More roughly diagonal line from top right to bottom left. These are labeled Titania, Oberon, Umbriel, Miranda and Ariel. Also visible is Ariel's shadow, which is superimposed on Uranus. Faint, ghostly, Saturn-like rings encircle the blue ice giant. This new study, presented during a press conference at AAS 246 in Anchorage, Alaska, on Tuesday, June 10, examines the magnetic environment of Uranus and its largest moons. It reveals surprising findings. Scientists had expected that radiation from the magnetic field of Uranus would darken the trailing hemispheres of its moons, but an analysis of the surfaces of Uranus' four major moons — Ariel, Umbriel, Titania and Oberon — found the opposite. That suggests that Uranus' magnetosphere might not interact much with its large moons, and it may be either dormant or much more complicated than previously thought. 'Uranus is weird, so it's always been uncertain how much the magnetic field actually interacts with its satellites,' said Richard Cartwright, principal investigator at the Johns Hopkins University's Applied Physics Laboratory in Laurel, Maryland. 'For starters, it is tilted by 98 degrees relative to the ecliptic." That means it rolls on its side as it completes its 84-Earth-year orbit of the sun. The two ice giant planets in the solar system — Uranus and Neptune — remain unexplored, having had only brief flybys by Voyager 2 in 1986 and 1989, respectively. Planetary scientists' lack of detailed knowledge about ice giants (large planets composed mainly of elements heavier than hydrogen and helium) has become more significant in recent years, particularly with research into exoplanets — planets that orbit a star other than the sun. According to research, the most typical size of exoplanets in the Milky Way is between that of Earth and Neptune, which are likely to be ice giants. If astronomers are to understand other star systems, they need a baseline — and that means sending a mission to Uranus or Neptune. Hopes are fading for a much-needed NASA flagship mission to Uranus. Despite being recommended as NASA's highest priority large mission in 2022 by the National Academy of Sciences, the likelihood of a $4.2 billion orbiter — with an atmospheric probe to dive beneath its clouds — is now small in the light of a 'destructive proposal' by the Trump Administration to cut almost $6 billion (24%) from the space agency's budget. Scientists want NASA to send the mission in 2032, with a planned arrival at Uranus in 2045. The next best launch window is in the 2090s.
