Latest news with #Rs27bn
Zawya
25-04-2025
- Business
- Zawya
India's Prestige Hospitality Ventures files for up to Rs27bn IPO: IFR
Indian hotel developer Prestige Hospitality Ventures has filed for an up to Rs27bn (US$317m) IPO comprising a primary portion of Rs17bn and secondary of Rs10bn. Controlling shareholder Prestige Estates Projects is the vendor, according to the draft prospectus. The company is also planning a pre-IPO placement of up to Rs3.4bn and, when completed, will reduce the primary component of the IPO. PHV operates hotels under brands such as Conrad, Sheraton Grand, JW Marriott and Angsana. Revenue in the nine months ended December was Rs10.1bn, up 47% from Rs6.89bn in the same period of 2023. Net profit was Rs679.8m, down 18% from Rs825.9m. CLSA, JM Financial, JP Morgan and Kotak are the lead managers.
Yahoo
22-03-2025
- Business
- Yahoo
India's fashion sector unveils sustainable supply chain directory
India's fashion sector launched the Sustainable Resolution ( website and Sustainable Supply Chain Directory at the Bharat Tex 2025 trade show held from 12 to 17 February 2025. The newly launched website is designed to aid India's fashion industry with the transition towards sustainability. The platform will offer educational materials, collaborative opportunities for stakeholders, manufacturers and brands. The website will also serve as a platform for sharing insights through news articles and case studies. It has also unveiled the sustainable supply chain directory, which is an open source directory that features over 600 authenticated suppliers spanning various sectors. This includes fabric production, recycling, sustainable packaging, and certification authorities. The directory was created through a partnership with the Centre for Environment Education (CEE) and the Global Alliance for Textile Sustainability (GATS), offering a centralised hub for exchanging ideas, fostering innovation, and simplifying access to sustainable sourcing options. In addition, sustainable supply chain directory connects brands with vendors that specialise in sustainable materials and processes, such as eco-friendly fabrics, trims, manufacturing services, packaging solutions, and recycling. It also hopes to encourage transparent communication and collaboration through dedicated sustainability programmes and events. The directory's role is pivotal as India's sustainable fashion market is expected to surge to Rs250bn ($2.89bn) in FY30 from Rs27bn in FY24. The movement is said to be one of the largest collective pledges towards sustainability within India's fashion sector. Launched by CMAI in collaboration with Reliance Brands Limited (RBL) and endorsed by the United Nations in India, has been actively promoting responsible sourcing, the use of eco-friendly materials, and ethical manufacturing practices since its inception in 2019. has a five-point guide that aims to help the industry's shift toward sustainability: Environmental awareness: Recognising the environmental impact of garment production Sustainable sourcing: Choosing certified raw materials with positive environmental effects Responsible decision-making: Ensuring sustainability throughout the value chain via traceable, renewable materials and processes Transparent communication: Engaging consumers and media through product labelling, social media, and in-store messaging Long-term commitment: Striving for significant sustainability progress by 2030, addressing climate change, and supporting the UN Sustainable Development Goals (SDGs). "India's fashion sector unveils sustainable supply chain directory" was originally created and published by Just Style, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
