Leela hotels owner Schloss drops about 7% in India debut
June 2 (Reuters) - Shares of Schloss Bangalore (SCHL.NS), opens new tab, the owner of luxury hotel chain "The Leela", debuted 6.7% lower on Monday after its $409 million initial public offering was oversubscribed nearly five times last week.
The stock listed at 406 rupees on India's National Stock Exchange, compared to its issue price of 435 rupees.
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Rise Guyana Announces Final Close of $29 Million Real Estate and Infrastructure Fund
GEORGETOWN, Guyana, June 3, 2025 (EZ Newswire) -- Rise Guyana, opens new tab today announced the final close of its inaugural private investment fund at USD $29 million, the first institutional real estate and infrastructure fund in Guyana. Backed by global investors from the United States, United Kingdom, Europe, South America and the Middle East, the fund capitalizes on Guyana's meteoric rise as the fastest-growing country in the world and the new frontier for high-impact investment. The closing comes as international oil giants ExxonMobil and Chevron square off in a high-stakes arbitration battle over a $1 trillion oil discovery in Guyana's Stabroek block—underscoring the country's growing strategic significance on the global stage. 'This fund reflects our confidence in Guyana's transformation and our commitment to building long-term value with local roots and global vision,' said Kristine Thompson, co-founder and managing partner of Rise Guyana. A Nation That's Redefining the Map Guyana's Stabroek oilfield—home to an estimated 11 billion barrels of reserves—has not only enabled Exxon to reclaim its crown as the most valuable U.S. oil company, but it's also projected to generate $182 billion in profits for Exxon and partners, and over $190 billion in revenue for the Guyanese government over the next 15 years, according to Wood Mackenzie. The scale and profitability of Guyana's oil—extracted at a breakeven cost below $30 per barrel—have made it 'one of the most prized oil and gas projects on the planet,' according to industry analysts. As a result, Guyana's economy tripled in the last five years and is estimated by the International Monetary Fund to grow at close to 15% annually for the next five. Rise Guyana: First Mover. Local Roots. Global Standards. Rise Guyana is an institutional fund manager dedicated to developing the assets that power Guyana's economic transformation. Led by a Caribbean-based team with decades of frontier-market experience, the firm combines local roots with global governance standards. Key projects in the pipeline include: The Fund targets a net internal rate of return of 30% through a barbell strategy that balances stable yield with opportunistic growth, offering a compelling profile for investors seeking frontier alpha in a de-risked environment. 'This is more than a real estate fund—it's a platform for national transformation,' added Thompson. 'We're combining frontier returns with institutional governance to help shape the physical, economic and social future of Guyana. This is the first of many funds to come.' As the world's eyes turn to Guyana, Rise Guyana is offering a rare opportunity: to build with purpose in a nation rising on the strength of its natural resources, its people and its promise. About Rise Guyana Rise Guyana is Guyana's first institutional fund manager dedicated to developing the assets that will power Guyana's economic transformation. The platform leverages unparalleled local knowledge and global acumen to generate significant returns in sectors such as real estate and infrastructure. Situated in the heart of Georgetown, Guyana, we are an integral part of the world's fastest-growing economy, with a vision to create enduring value for our investors and the local community. For more information about Rise Guyana and to explore investment opportunities, visit our website at Media Contact Kristine Thompson+1 868-683-6178kthompson@ ### SOURCE: Rise Guyana Copyright 2025 EZ Newswire See release on EZ Newswire
