Shrem InvIT's rise in popularity.
Jun 26, 2022,
In just a month, the INR rose in strength by 0.64%. Now, the rupee is 81.94 per US dollar compared to the previous week’s 82.18 per US dollar.
Nov 15, 2022,
HDFC NSE -0.95 % Securities has buy call on Dilip Buildcon with a target price of Rs 340. The current market price of Dilip Buildcon Ltd NSE 1.16 %. is Rs 236.6.
Nov 10, 2022,
Kairus Shavak Dadachanji, chairman of the Dadachanji Group of Companies invested Rs 156 crore through a bulk deal as the wealthy investor bought 1.5 crore units in Shrem InvIT at Rs 104 per unit, the company said in a release. The move resulted in 4.6% stake holding in the infrastructure trust.
Sep 1, 2022
NHAI, last year, had set up its InvIT whose units were listed on the NSE and BSE giving it an enterprise valuation of ₹8,012 crore. The state-owned authority had launched its InvIT as a mode to monetise operational roads, as it has the largest share under the National Monetisation Pipeline.
July 14, 2022,
Shrem InvIT said it will add 10 road assets during this fiscal year to grow its annual revenue substantially.
Jul 12, 2022,
The Competition Commission of India (CCI) has approved the acquisition of equity in 10 road infrastructure projects (target SPVs) by Shrem InvIT from Dilip Buildcon Ltd. (DBL) and its associates.
Jun 03, 2021,
Mumbai-based Shrem Group, a family wealth investment office, is looking to double its asset portfolio in the road sector to Rs 15,000 crore under its infrastructure investment trust commonly called InvIT.
05 Sep 2022,
Shrem InvIT is an infrastructure investment trust floated by Shrem Infrastructure, which will go for public listing in the next 18-24 months after achieving an asset under management (AUM) of $3 billion, or ₹240 billion. The Mumbai-based InvIT company invests in only hybrid annuity model (HAM) proje.
Aug 25 2017,
Infrastructure developer Dilip Buildcon Ltd has signed a term sheet with privately owned family business Chhatwal Group Trust (Shrem Group) to sell its entire stake in 24 of its road projects for Rs1,600 crore, the company said in a filing to stock exchanges.
Jan 09, 2018
Dilip Buildcon Ltd, a Bhopal-based road developer, has announced the sale of 24 road assets of a total project value of ₹10,500 crore to the Chhatwal Group Trust, which runs the Mumbai-based Shrem Group.