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.

Denne historien er fra December 20, 2024-utgaven av Mint Kolkata.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra December 20, 2024-utgaven av Mint Kolkata.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA MINT KOLKATASe alt
Mint Kolkata

High prices crimping demand, growth, MPC minutes show

High prices are the cause for demand slowdown in India, and aligning inflation to the central bank's 4% target is key to ensuring sustained economic growth, members of the rate-setting panel said in the minutes of the December meeting.

time-read
1 min  |
December 21, 2024
Mint Kolkata

Adani prompts cement discounts, says report

As rivals protect turf with offers, group firms Ambuja, ACC cut discounts

time-read
2 mins  |
December 21, 2024
Mint Kolkata

UltraTech gets nod for 33% in India Cements

The Competition Commission of India (CCI) on Friday cleared billionaire Kumar Mangalam Birla-promoted UltraTech Cement's proposal to acquire a majority stake in India Cements.

time-read
1 min  |
December 21, 2024
Mint Kolkata

Tata Steel's Dutch plant gets warning

Tata Steel Netherlands will face fines of almost €27 million if it doesn't take measures within eight weeks

time-read
1 min  |
December 21, 2024
Mint Kolkata

Banks win SC relief on 30% credit interest cap

The Supreme Court on Friday overturned the National Consumer Disputes Redressal Commission (NCDRC)'s 2008 decision to cap interest rates on late credit card bill payments at 30% per annum, bringing relief to lenders that had appealed the consumer forum's ruling.

time-read
1 min  |
December 21, 2024
Mint Kolkata

Claims of Reliance Infratel's indirect creditors upheld

The apex court upheld ₹10,952 crore claims by four indirect creditors of Anil Ambani-led RCom's tower biz

time-read
1 min  |
December 21, 2024
Mint Kolkata

Leave a movie midway, and get some money back

PVR Inox's move is part of efforts to widen audience base and improve movie-going frequency

time-read
2 mins  |
December 21, 2024
Mint Kolkata

Pushpa 2 most-watched film of 2024, Coldplay hot

Nostalgia also took centre stage with re-releases like Kal Ho Naa Ho, Rockstar and Laila Majnu still drawing viewers

time-read
2 mins  |
December 21, 2024
Mint Kolkata

Bombay HC upholds Adani's bid to develop Dharavi slum

The project gained momentum in 2016 under the Bharatiya Janata Party-Shiv Sena led govt

time-read
2 mins  |
December 21, 2024
Mint Kolkata

Foxconn halts Nissan pursuit

On Hai Precision Industry Co., the Taiwan-based manufacturer of iPhones known as Foxconn, is putting its interest in pursuing Nissan Motor Co. on hold while the Japanese automaker is in negotiations for a potential merger with Honda Motor Co., according to a person familiar with the matter.

time-read
1 min  |
December 21, 2024