Ajmera bets on acquisitions, JVs to expand m-cap tenfold to $5 bn
Mint Kolkata|December 20, 2024
Ajmera Realty and Infra India Ltd aims to expand its market capitalization (m-cap) by 10x to $5 billion through acquisitions and joint ventures (JVs), said Dhaval Ajmera, director at Ajmera Group.
Khushi Malhotra

Ajmera added that to achieve the goal, the company is targeting at least 25-30% growth each year in terms of volumes, sales, and profitability. While he did not specify a timeline, he said it may stretch beyond five years.

The Mumbai-based company's m-cap stands at ₹4,015.61 crore (about $472 million). In 2024 so far, its stock has surged 148% to ₹1,112.15.

The family-run real estate firm plans to invest ₹2,300 crore generated from internal cash accruals over the next three to four years in acquisitions, JVs, joint development agreements (JDAs), and society redevelopment opportunities.

هذه القصة مأخوذة من طبعة December 20, 2024 من Mint Kolkata.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة December 20, 2024 من Mint Kolkata.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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