Latest news with #JMF
Time of India
21-07-2025
- Business
- Time of India
Brigade Hotel Ventures IPO price band set at Rs 85–90. Check key details
Brigade Hotel Ventures, the hospitality subsidiary of Bengaluru-based real estate major Brigade Enterprises Ltd (BEL), has announced the launch of its initial public offering ( IPO ), setting a price band of Rs 85 to Rs 90 per share. The issue, totaling Rs 759.60 crore, is entirely a fresh offer with no Offer for Sale (OFS) component, ensuring that all proceeds will go directly towards funding the company's growth initiatives. Explore courses from Top Institutes in Select a Course Category Healthcare MBA Others MCA Data Science Management Cybersecurity CXO Public Policy Finance others Data Science Product Management Artificial Intelligence Leadership healthcare Data Analytics Technology Degree Digital Marketing Operations Management Design Thinking Project Management Skills you'll gain: Financial Analysis in Healthcare Financial Management & Investing Strategic Management in Healthcare Process Design & Analysis Duration: 12 Weeks Indian School of Business Certificate Program in Healthcare Management Starts on Jun 13, 2024 Get Details At the upper end of the price band, the company will command a market valuation of over Rs 3,400 crore. The IPO will open for subscription on July 24 and close on July 28. Investors can bid for a minimum of 166 shares and in multiples thereafter. The allotment of shares is expected to be finalized on July 29, with the company aiming for a July 31 listing on both the BSE and NSE. The funds raised through the IPO will be strategically allocated. Approximately Rs 468.14 crore will be used to repay existing debt, while Rs 107.52 crore will go towards acquiring an undivided share of land from the promoter, BEL. The remaining proceeds will be used for acquisitions, other strategic initiatives, and general corporate purposes indicating a strong intent to deleverage and expand operations. Brigade Hotel Ventures began its journey in the hospitality sector in 2004 and opened its first hotel, Grand Mercure Bangalore, in 2009. The company now operates nine hotels across key urban centers including Bengaluru, Mysuru, Chennai, Kochi, and Gujarat's GIFT City, offering a total of 1,604 keys. Its properties are operated under prestigious international brands like Marriott, Accor, and InterContinental Hotels Group (IHG), adding credibility and operational strength to its growing portfolio. In terms of IPO allocation, 75% of the issue is reserved for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and the remaining 10% for retail investors. Earlier this month, Brigade Hotel Ventures raised Rs 126 crore in a pre-IPO round by issuing shares to 360 ONE Alternates Asset Management, highlighting early institutional interest. With strong backing from its parent company, partnerships with global hotel chains, and a clear roadmap for growth and financial strengthening, Brigade Hotel Ventures' IPO could attract significant attention from investors looking to tap into India's recovering hospitality sector. JM Financial and ICICI Securities are acting as the book-running lead managers for the issue. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Yahoo
18-06-2025
- Business
- Yahoo
MPE Partners and Delphi Infrastructure Group Announce the Acquisition of JMF Underground
CLEVELAND and BOSTON, June 18, 2025 /PRNewswire/ -- MPE Partners ("MPE" or "Morgenthaler Private Equity"), along with its portfolio company Delphi Infrastructure Group ("DIG"), announced today the acquisition of JMF Underground ("JMF"). JMF is a provider of underground utility services for a blue-chip customer base in South-Central Pennsylvania and surrounding states. JMF specializes in horizontal directional drilling, boring, trenching, and excavation services related to the repair and maintenance of underground electrical and natural gas infrastructure. MPE and DIG partnered in the transaction with JMF's Founder and CEO, Joe Fisher, as well as its management team. Mark Crowson, CEO of DIG, said, "JMF Underground has become a leading provider of specialized underground solutions across the Mid-Atlantic and Eastern United States. The company's consistent growth reflects its deep commitment to safety, reliability, and customer service under Joe's leadership. We are proud to partner with the JMF team and support their continued expansion as part of the DIG portfolio of companies." Joe Fisher, Founder and CEO of JMF, stated, "I am exceptionally proud of what the JMF team has built since being founded in 2008. We are excited to join a like-minded, established, and reputable team at DIG that will enable us to better serve customers and accelerate our next phase of growth." Lukas Sontich, Vice President at MPE, added, "The addition of JMF Underground alongside Precision Pipeline, SabCon Underground, and Allegheny Contracting further establishes DIG as a scaled, leading provider of underground infrastructure services to a diverse set of utility customers. We are thrilled to welcome Joe and the JMF team to the organization." Churchill Asset Management and BMO Sponsor Finance provided financing to support the transaction. Jones Day served as legal advisor to MPE. About JMF UndergroundHeadquartered in Mechanicsburg, PA, JMF Underground provides critical repair, maintenance, and installation services for underground electrical and natural gas infrastructure. JMF offers a comprehensive suite of services including horizontal directional drilling, boring engineering and design, soft excavation and core boring, trenching, excavation, and high-density polyethylene fusion services, with a specialty focus in large, hard rock drilling offerings that are offered throughout the Eastern United States. For more information, please visit About Delphi Infrastructure GroupHeadquartered in Columbus, OH, Delphi Infrastructure Group (DIG) is a portfolio of companies providing repair, replacement, and maintenance services for utility customers across the gas, electrical, telecommunications, and water end markets. DIG currently encompasses the Precision Pipeline, SabCon Underground, and Allegheny Contracting operating brands. DIG offers horizontal directional drilling, excavation, hot tapping, stoppling, coating, hydrovac operations, utility locating and verification, GPS mapping, and other underground solutions throughout the Eastern United States. For more information, please visit About MPE PartnersMPE Partners ("MPE" or "Morgenthaler Private Equity") seeks to be the preferred partner for entrepreneur- and family-owned companies. Based in Cleveland, OH, and Boston, MA, MPE invests in profitable, lower middle market companies with EBITDA between $8 million and $40 million. MPE has two primary target investment areas: high-value manufacturing and commercial & industrial services. For more information, please visit View original content to download multimedia: SOURCE MPE Partners Sign in to access your portfolio
The Sun
11-06-2025
- Business
- The Sun
What's cooking with Perhebat: Sewing and brewing as soldiers return to civilian life
KLUANG: With her military career 'sewn up' including a stint with the Malaysian Battalion Team (Malbatt) in Lebanon, this tough lady wishes to exchange the gun for needle-and-thread thus continuing the legacy of her seamstress-mother once she returns to civilian life. Senior Warrant Officer (Rtd) P. Maygala, 41, who served in the Royal Malaysian Navy (RMN) until her retirement last year (2024), said her feminine intuition persuaded her to study business management as a second career in the Transition Training programme, organised by the Ex-Servicemen Affairs Corporation (Perhebat). 'Many people ask me why tailoring and not other fields such as security ... my answer is simply that I am a woman, a mother, so the feminine spirit prevails despite the military discipline. Even before joining the army, I helped my mother at her tailoring shop,' she told Bernama after the Perhebat Certificate presentation here today by Commander of the RMN Reserve Force, First Admiral Azhar Adam. Maygala, who has served for 21 years including joining the United Nations (UN) peacekeeping force, thanked the Malaysian Armed Forces (MAF) and Perhebat. 'Having just graduated and receiving the certificate today, I will join my mother's clothing business in Johor Bahru by the end of the year,' she said. Another Perhebat graduate, Corporal (Rtd) Helmi Mohd Balawi, 43, said he would open a coffee-based cafe armed with the knowledge he gained from Perhebat 'sTransition Training. With his simmering interest in coffee, he wants to have a meaningful life while generating income after retirement. 'I served in the Johor Military Force (JMF) for 26 years, so I have no other skills. That's why I joined the Perhebat's Transition Training so that I can adapt to civilian life,' he said. Meanwhile, First Admiral Azhar said the MAF and Perhebat would increase their cooperation with the private sector to provide more job opportunities. According to him, eight new memorandums of understanding and agreements have been signed by the MAF in 2025 to support human capital development of MAF retirees and veterans to explore new fields. 'Besides teaching business to produce entrepreneurs, we are shifting our focus to the field of maintenance, repair and overhaul (MRO) of military assets with specialised training. 'This Transition Training has churned out a total of 3,473 MAF retirees while five JMF retirees have received certificates. A total of 514 personnel and veterans have also been awarded the Malaysian Skills Diploma,' Azhar added.
The Sun
11-06-2025
- Business
- The Sun
Sewing and brewing as soldiers return to civilian life
KLUANG: With her military career 'sewn up' including a stint with the Malaysian Battalion Team (Malbatt) in Lebanon, this tough lady wishes to exchange the gun for needle-and-thread thus continuing the legacy of her seamstress-mother once she returns to civilian life. Senior Warrant Officer (Rtd) P. Maygala, 41, who served in the Royal Malaysian Navy (RMN) until her retirement last year (2024), said her feminine intuition persuaded her to study business management as a second career in the Transition Training programme, organised by the Ex-Servicemen Affairs Corporation (Perhebat). 'Many people ask me why tailoring and not other fields such as security ... my answer is simply that I am a woman, a mother, so the feminine spirit prevails despite the military discipline. Even before joining the army, I helped my mother at her tailoring shop,' she told Bernama after the Perhebat Certificate presentation here today by Commander of the RMN Reserve Force, First Admiral Azhar Adam. Maygala, who has served for 21 years including joining the United Nations (UN) peacekeeping force, thanked the Malaysian Armed Forces (MAF) and Perhebat. 'Having just graduated and receiving the certificate today, I will join my mother's clothing business in Johor Bahru by the end of the year,' she said. Another Perhebat graduate, Corporal (Rtd) Helmi Mohd Balawi, 43, said he would open a coffee-based cafe armed with the knowledge he gained from Perhebat 'sTransition Training. With his simmering interest in coffee, he wants to have a meaningful life while generating income after retirement. 'I served in the Johor Military Force (JMF) for 26 years, so I have no other skills. That's why I joined the Perhebat's Transition Training so that I can adapt to civilian life,' he said. Meanwhile, First Admiral Azhar said the MAF and Perhebat would increase their cooperation with the private sector to provide more job opportunities. According to him, eight new memorandums of understanding and agreements have been signed by the MAF in 2025 to support human capital development of MAF retirees and veterans to explore new fields. 'Besides teaching business to produce entrepreneurs, we are shifting our focus to the field of maintenance, repair and overhaul (MRO) of military assets with specialised training. 'This Transition Training has churned out a total of 3,473 MAF retirees while five JMF retirees have received certificates. A total of 514 personnel and veterans have also been awarded the Malaysian Skills Diploma,' Azhar added.
Time of India
06-06-2025
- Business
- Time of India
J'khand will produce surplus milk in 5 to 7 years: Hemant
Ranchi: Jharkhand would soon be able to produce surplus milk and sell it outside the state, chief minister Hemant Soren said while inaugurating the the state's first milk powder generation plant on the Medha Diary premises at Hotwar here. Inaugurating the plant jointly with Hemant, state agriculture, dairy and animal husbandry department minister Shilpi Neha Tirkey also said the new plant would mean a new chapter in Jharkhand's 'White Revolution' making its dependence on Assam and Chhattisgarh for converting excess milk into milk powder end. T he powder plant will have a capacity of 20 MT per day and will be constructed at a total cost of Rs 80 crore. Hemant also laid the foundation for a silage plant in Nagri, Ranchi, which will use leftover fruit and vegetable residues from the Mother Dairy complex to produce feeds for animals. It will not only provide an additional source of income for the state's farmers but also serve as a nutritious option for animals throughout the year. Additionally, the CM unveiled the 'Medha Ragi Laddu', organic fertilizer 'Medha Sudhan', and a distributor app developed by the National Dairy Development Board (NDDB) on the occasion. Addressing a function on the occasion attended by 2,000 dairy farmers, Hemant said Medha dairy is among the priority sectors of the govt to augment farmers' income, and put the state on the development map. "The way we are progressing, our state will not just be able to become self-sufficient in the next five to seven years, but will also be in a position to become a surplus milk-producing state." He appealed to the farmers to help protect the environment. The chief minister further said, "Commercial agriculture is the need of the hour. Special attention must be given to increasing the value addition of agricultural products. Our govt is supporting farmers through various means." On a lighter note, Hemant said, "If cricketing icon M S Dhoni can do farming, why can't others?" He also said, "Despite all challenges, our govt is making continuous efforts to promote agriculture and animal husbandry. We are taking concrete steps to make the state self-sufficient in the production of milk, fish and meat among others. The govt is preparing a work plan to enhance milk collection activities." Agriculture minister Tirkey added, "Today marks a special day for Jharkhand as a new chapter in the field of the White Revolution began. Until now, the state had to rely on states like Assam and Chhattisgarh to convert excess milk into milk powder. Now, the milk collected at the Medha plant complex can be easily converted into milk powder." A year after the formation of the state, the Jharkhand Cooperative Milk Federation Limited (JMF), tied with the National Dairy Development Board (NDDB) to boost milk production. In the last decade, JMF strengthened its milk collection, processing and marketing system by establishing state-of-the-art dairy plants with a capacity of 1,00,000 litres per day in Ranchi, and 50,000 litres per day each in Sarath (Deoghar), Sahebganj, and Palamu. JMF has paid Rs 1,500 crore to milk producers in the state directly into their bank accounts. Get the latest lifestyle updates on Times of India, along with Eid wishes , messages , and quotes !
