Puravankara to Host 'NRI Home Fest' in Dubai for Luxury Home Buyers

Key Takeaways from Puravankara NRI Home Fest:

• The 'Purva NRI Home Fest' will take place at Shangri-La Dubai on September 28-29, 2024. It is an exclusive realty bonanza for NRIs who are planning to buy luxury homes in India.
• More than 4,000 homes in the portfolio of over 20+ ongoing and upcoming projects including luxury apartments, villas, and villa plots that could be as small as 600 sq. ft. or as large as 5,000 sq. ft. will be previewed here.
• Some of the significant projects it has in its portfolio are Purva Windermere in Chennai, Purva Clermont in Mumbai, Purva Park Hill in Bengaluru and Presidential Villas at Purva Sound of Water in Bengaluru. 
• Puravankara also extends complete post-sales support, including loan facilitation and personalised interior designing services, to its patrons through its brand Purva Streaks.
• During the fest, special deals will be available-vouchers worth a maximum of Rs 10 lakhs would be available for bookings done.

Festival attendees can view over 20 projects of key Indian cities namely Bengaluru, Chennai, Kochi, Mumbai, and Pune having over 4000 homes. With properties ranging from luxurious apartments to world-class villas, villa plots and BHK1-5, of sizes starting as small as 600 sq. ft. and going as high as 5,000 sq. ft, viewers can have a full view.

Abhishek Kapoor, Group CEO of Puravankara, said that the demand from NRIs to invest back home was ‘increasing’ and deposits received from NRIs jumped sharply by 84.4% to $11.8 billion from April 2023 to February 2024. "The Purva NRI Home Fest is the chance for them to feel our 'YOU' Philosophy, which makes the customer at the heart of everything we do," Kapoor said.

Purva Windermere in Chennai, Purva Clermont in Mumbai, and Purva Park Hill in Bengaluru are high-end projects under the brand. Another unique experience would be the Presidential Villas at Purva Sound of Water in Bengaluru. Purva Land offers villa plots under the brand with which owners can build their dream homes.

As a facilitator, the company makes sure its customers' buying experience is hassle-free through full post-sales support right from facilitating loans to interior design services specially designed through the Purva Streaks. Other exclusive deals offered at the event are vouchers as high as Rs 10 lakhs on advance bookings during the fest.

About Puravankara Group:

The Puravankara Group is a leading real estate player in India and has established a strong presence in nine cities as well as in Bengaluru. Built over nearly 49 years, three successful residential brands have come to be through the group; these include Purva, Provident Housing Limited, and Purva Land, each one aimed at addressing a level of housing needs. The construction technology wing is Starworth Infrastructure and Construction Limited that is growing into Grade-A commercial real estate covering a total of around 3 million square feet. In addition, there is the interior design division, Purva Streaks, offering full design solutions. As of March 31, 2024, Puravankara has handed over 86 projects aggregating around 50 million square feet, with a land bank of approximately 36 million square feet, and has nearly 31 million square feet of ongoing projects.

About Puravankara Limited:

Puravankara Limited was established in 1975 and is headquartered in Bengaluru. The company is a brand leader in Indian real estate and is known for delivering quality homes on time. It has established three flagship brands: Purva, with luxury and theme-based projects; Provident Housing, for young homebuyers; and Purva Land, for investment in planned developments. Its subsidiaries include Starworth Infrastructure, which offers building solutions for technology-enhanced solutions, and Purva Streaks, integrated interior design services. The company, Puravankara, was one of the earliest developers. It operates in nine cities, including Bengaluru and Mumbai.

Key Takeaways from Granules India Launch of Mobile Cancer Screening Unit 

• Granules India launched Mobile Cancer Screening Unit, 'Breast Health Express', in collaboration with Granules Trust, Asian Medical Foundation, UC Breast Foundation, and AIG Hospitals.
• The campaign serves to boost the detection and treatment of cancer among specially disadvantaged sections of society.
• The company intends to expand to other Telangana areas after starting operations in and around Hyderabad.
• The mobile unit utilises the latest machines in mammography and ultrasound for total and reliable tests on cancer.
• Apart from cancer checkups, the mobile clinic will conduct elementary health checkups including tests on haemoglobin, blood pressure, and glucose levels.
• The Breast Health Express advocates early detection of breast cancer in its health care program.

The mobile unit would be equipped with the latest mammography and ultrasound technology so that healthcare professionals can provide much-needed cancer screening services directly to the doorsteps. The unit will begin operations in and around Hyderabad, with intentions to extend to other districts of Telangana in the following months.

Apart from these cancer screenings, the mobile clinic would also administer vital health checks like tests for haemoglobin levels, blood pressure, and glucose levels. This innovative model of cancer screening and treatment accessibility, the ‘Breast Health Express' has a particular emphasis on early breast cancer detection.

About Granules India Limited:

Granules India Limited, incorporated in 1991, is a fast-growing pharmaceutical company located in Hyderabad. The company operates with state-of-the-art facilities, emphasising operational excellence, quality, and customer service. The uniqueness of this company is its ability to manufacture every part of the pharmaceutical value chain including Active Pharmaceutical Ingredients (APIs), Pharmaceutical Formulation Intermediates (PFIs), and Finished Dosages (FDs). Granules services over 300 customers in highly regulated and semi-regulated markets. The company has a presence in more than 80 countries around the world with an office in India, the US, and the UK. The organisation possesses 10 manufacturing facilities located at 8 locations in India and 2 locations in the US. Granules also obtained clearances from some overseas regulatory authorities, including the US FDA and WHO GMP.

Key Takeaways from the IPO Announcement

• The IPO will be open from September 26 to September 30, 2024, with shares priced between ₹159 and ₹168 per share.
• Eligible employees will receive a discount of ₹8 per share on the IPO price.
• The net proceeds will be used to expand existing facilities, set up a new manufacturing plant, and fund working capital needs.

The IPO includes a fresh issue of 9,405,000 equity shares with face value of Rs 10 per share with the proceeds aimed at expanding Diffusion Engineers' manufacturing facilities, including the Khapri facility in Nagpur and a new facility in Hingna, Nagpur. Funds will also support working capital needs and other corporate purposes. 

The minimum bid lot for retail investors is 88 equity shares, with a maximum subscription amount of ₹2,00,000 for retail investors and ₹5,00,000 for eligible employees.

Eligible employees will receive a discount of ₹8 per share, and retail investors can bid for shares with a minimum order of 88 equity shares. The IPO will operate as a 100% book-building issue, with a tick size of Re.1.

Investors can bid between 10:00 a.m. and 5:00 p.m. during the issue period, and UPI mandate confirmations must be completed by 5:00 p.m. on the last day of IPO bidding, September 30, 2024. Investors are encouraged to confirm their UPI mandates well in advance to avoid last-minute technical issues.

Unistone Capital Private Limited is the lead manager for the IPO, with HDFC Bank and ICICI Bank acting as sponsor banks.

About Diffusion Engineers Limited

Diffusion Engineers Limited, founded in 1982, specialises in producing welding consumables, wear plates, parts, and heavy machinery for various core industries. The company also provides repair and reconditioning services for large machinery and equipment, while trading in wear protection powders and welding and cutting machines.

At its facilities, Diffusion Engineers uses a unique "Super Conditioning" process that enhances machine component durability, reduces wear, and extends their lifespan, resulting in lower production costs. The company operates four manufacturing units in Nagpur, Maharashtra, with three located in the Nagpur Industrial Area and one in Khapri.

Key Takeaways from the HDB IPO Announcement

• HDB Financial Services will raise up to ₹2,500 crore via fresh issue of shares.
• An additional offer for sale (OFS) is planned by existing shareholders.
• The IPO will also include amendments to the company’s Employee Stock Option Schemes.

As mentioned in a stock exchange filing, the company has announced plans to raise up to Rs. 2,500 crore through an equity share issuance with equity shares of face value of Rs 10 each. This will include both fresh equity shares and an offer for sale by existing shareholders, subject to shareholder approval, market conditions, regulatory clearances, and other necessary approvals.

The company will also amend its Articles of Association and amend the terms and conditions of its existing employee stock option schemes (2014, 2017, and 2022) as part of the ongoing review to ensure regulatory compliance. 

HDFC Bank holds a 94.64 percent stake in HDB Financial Services. HDB Financial was established in 2007 and currently operates over 1,680 branches throughout India, offering both secured and unsecured loans.

About HDFC Bank Limited

HDFC Bank Limited, headquartered in Mumbai, is India's largest private sector bank by assets and ranks as the world's tenth-largest bank by market capitalisation as of May 2024. With a market capitalisation of $145 billion as of April 2024, it stands as the third-largest company on Indian stock exchanges.

About HDB Financial Services

HDB Financial Services is a leading non-banking financial company that mainly serves retail and commercial customers. The company provides a range of financial products and services, including consumer loans, asset financing, secured and unsecured loans, and loans against real estate.