Latest news with #SEBI-approved
Time of India
3 days ago
- Business
- Time of India
Meenakshi Alternates launches realty-focused ₹700 crore AIF
NEW DELHI: Hyderabad-based Meenakshi Group has launched its new financial services arm - Meenakshi Alternates (M-Alts) and its fund Meenakshi Real Assets Fund for investments in real estate across top-tier cities in India. This SEBI-approved Category II AIF will target a mix of debt and equity investments with a total corpus of ₹700 crore (including a ₹350 crore greenshoe option). Meenakshi Group has committed up to 20% of the fund size as sponsor capital. The fund will focus on self-liquidating real estate assets that offer both consistent cash flows and equity upside. The fund aims to allocate capital to tier I developers with individual investments of up to ₹70 crore per transaction. "Currently, we have three potential deals under due diligence, and we have secured soft commitments from the Meenakshi Group, its network, and early investors," said Mahesh Katragadda , CEO of Meenakshi Alternates.
Time of India
4 days ago
- Business
- Time of India
Meenakshi Alternates Launches Realty Focused ₹700 crore AIF
Meenakshi Group, a Hyderabad-based Realty and Clean Energy Conglomerate has launched its new financial services arm 'Meenakshi Alternates (M-Alts)' and its debut fund, Meenakshi Real Assets Fund for investments in real estate across top-tier cities in India. This SEBI-approved Category II AIF adopts a hybrid investment strategy by targeting a mix of debt and equity investments with a total corpus of ₹700 crore (including a ₹350 crore greenshoe option). Meenakshi Group has committed up to 20% of the fund size as sponsor capital . by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like After Losing Weight Kevin James Looks Like A Model 33 Bridges Undo The Meenakshi Real Assets fund, through a six-year horizon, targets 6 to 8 high-conviction deals, with a focus on self-liquidating real estate assets that offer both consistent cash flows and equity upside. The fund aims to allocate capital to Tier I developers, market leaders, and key players in high-potential micro-markets within real estate asset classes, with individual investments of up to ₹70 crore per transaction. " Securing the AIF license marks a significant milestone for us," said Mahesh Katragadda, CEO of Meenakshi Alternates. "We are seeing strong early interest, and our team is evaluating prospective opportunities. Currently, we have three potential deals under due diligence , and we have secured soft commitments from the Meenakshi Group, its network, and early investors." Live Events "We are leveraging our established track record in real estate to offer institutional-grade, well-structured financial products. Building long-term trust, delivering consistent returns, and optimizing how capital is deployed to drive high-quality investment opportunities is our goal," Mahesh added . Meenakshi Group has 13 million sq. ft. delivered, 9.5 million sq. ft. in the pipeline, 371 MW of power projects, and over 650 lane kilometers of highways.
Time of India
15-05-2025
- Time of India
Thiruvananthapuram native loses Rs 31 lakh in stock investment scam
Thiruvananthapuram: An unidentified man, posing as an authorised SEBI-approved broker, defrauded Rs 31 lakh from a 66-year-old Nanthancode resident by offering him double returns on stock market investments. The accused won the trust of the victim, who was residing alone, by showing fake identity proofs and also shared the success stories of people who were helped by the accused to earn huge profits. "He dealt with me so professionally, leaving no room for suspicion. The tips shared by him were brilliant enough to convince an experienced trader like me," said the victim. He was given good returns on his initial investments as a tactic to win his trust. The victim was contacted by the accused in the first week of March and during the period between March 18 and April 8, the victim transferred the amount to the accused. "He created an account for me on a site and it was showing the shares bought and the profits earned. However, citing some technical issues, I was not allowed to withdraw the profit, but the accused compelled me to invest more. After investing Rs 31 lakh, I strictly demanded my money. As he stopped all communications, I realised that it was a scam," said the victim. City cyber police began a probe after registering a case on his complaint under under Bharatiya Nyaya Sanhita sections 318 (4) for cheating, 319 (2) for cheating by personation, 336 (2) for forgery, 336 (3) forgery for the purpose of cheating and 340 (2) for fraudulent use of a forged document and 66 (D) of the Information Technology Act.
Time of India
25-04-2025
- Business
- Time of India
Infosys Innovation Fund invests in Yali Capital to up deep-tech game plan
Representative Image BENGALURU: The $500 million Infosys Innovation Fund invested in Bengaluru-based VC fund Yali Capital to expand its reach in India's burgeoning deep tech ecosystem to cocreate solutions for its customers. "Our objective is to bring the power of the Infosys ecosystem and the innovation ecosystem together; to drive insights that feed into our strategic direction, to seek ideas to invest in deep tech startups , to co-create solutions for our clients by partnering with start-ups, and in the process elevate the innovation quotient," Infosys said in an internal note. Last year, Yali launched an Rs 810 crore India-focused deep tech fund, including a Rs 310 crore greenshoe option. The fund is co-founded by Ganapathy Subramaniam, former CEO of Cosmic Circuits, and Mathew Cyriac, chairman of Florintree. Yali Capital is a SEBI-approved Category 2 AIF investing in areas such as chip design, robotics, genomics, smart manufacturing, aerospace, AI, and other such sectors with deep tech as its base. It counts Perceptyne and C2i Semiconductors as some of its portfolio years ago, Infosys committed $10 million to US-based VC fund The House Fund, with a minority holding not exceeding 20% of the fund size. The House Fund is an early-stage venture capital fund investing in startups founded by University of California, Berkeley's alumni, faculty, and recent graduates. Infosys also invested Rs 32 crore into venture fund Stellaris Venture Partners. Infosys Innovation Fund's investments include drone startup Ideaforge, UVC Partners in Germany, spacetech startup GalaxEye, and healthcare and life sciences start-up, 4baseCare. Stay informed with the latest business news, updates on bank holidays and public holidays . Master Value & Valuation with ET! Learn to invest smartly & decode financials. Limited seats at 33% off – Enroll now!
