Meenakshi Group Secures Rs 700 Crore for Real Estate AIF
Hyderabad-based Meenakshi Group has raised Rs 700 crore for a real estate-focused alternate investment fund (AIF). The fund aims to invest in up to eight deals over a six-year period. Sebi and IEPFA also conducted an outreach camp in Pune to assist investors.
Real EstateInvestment FundMeenakshi GroupSebiIepfaReal Estate NewsJun 03, 2025
The real estate group has committed 20 per cent of the corpus size as sponsor capital for the fund. This investment is expected to bolster the group's portfolio and drive growth in the sector. The fund aims to invest in up to eight deals over a period of six years, as per a statement.
This initiative is part of Meenakshi Group's broader strategy to capitalize on the growing demand for real estate in India. The group has a strong track record of successful projects and is well-positioned to leverage this new fund to identify and invest in high-potential opportunities.
In a related development, the Securities and Exchange Board of India (Sebi) and the Investor Education and Protection Fund Authority (IEPFA) joined hands to conduct the maiden 'Niveshak Shivir' in Pune. The investor outreach camp was conducted on Sunday and focused on assisting shareholders in reclaiming unpaid dividends and unclaimed shares, a statement said.
The camp provided a platform for investors to engage directly with regulatory bodies and gain insights into various investment avenues. It also aimed to enhance investor awareness and protect their interests in the financial market.
Meanwhile, the Confederation of Indian Industry (CII) felicitated Varsha Ankush Patil with the Woman Exemplar Award 2025 in the education category. Patil, from Kolhapur district, was honored by the Union Women and Child Development Minister at the CII Annual Business summit last week. The award recognizes women who are building community resilience against systemic challenges and vulnerabilities.
In another noteworthy announcement, Saraf Furnitures, an omnichannel brand, declared its plans to hire 500 people from the LGBTQI community in the future. The company aims to open 50 new offline retail stores over the next three years and is aligning its hiring plans with the pride month to promote inclusivity and diversity.
These initiatives highlight the dynamic and inclusive nature of the Indian business landscape, where companies are not only focusing on financial growth but also on social responsibility and community engagement.
Frequently Asked Questions
What is the amount raised by Meenakshi Group for the real estate AIF?
Meenakshi Group has raised Rs 700 crore for the real estate-focused alternate investment fund (AIF).
How many deals does the AIF aim to invest in over six years?
The AIF aims to invest in up to eight deals over a period of six years.
What is the percentage of sponsor capital committed by Meenakshi Group for the AIF?
Meenakshi Group has committed 20 per cent of the corpus size as sponsor capital for the AIF.
What is the purpose of the 'Niveshak Shivir' conducted by Sebi and IEPFA in Pune?
The 'Niveshak Shivir' was conducted to assist shareholders in reclaiming unpaid dividends and unclaimed shares, and to enhance investor awareness and protection.
Who was felicitated with the CII Woman Exemplar Award 2025 and in which category?
Varsha Ankush Patil from Kolhapur district was felicitated with the CII Woman Exemplar Award 2025 in the education category.
Related News Articles
AWQAF Dubai Distributes AED 30.4 Million in Profits to Minor Beneficiaries from Diverse Investments
AWQAF Dubai, the regulatory body for charitable endowments in the emirate, has recently shared a significant profit of AED 30.4 million with minor beneficiaries. The funds are derived from a diverse portfolio of investments, including real estate assets,
PMRDA's Affordable Housing Project in Pune Sees Over 3,000 Registrations
Pune, 8th November 2024: The Pune Metropolitan Region Development Authority (PMRDA) has launched a significant affordable housing project, attracting over 3,000 registrations in just a few weeks. The project aims to provide affordable and quality living s
Rajiv Bajaj's Rishabh Family Trust Invests ₹72 Crore in Pune Land
The real estate market in Pune continues to attract significant investments, and the latest move comes from Rajiv Bajaj's Rishabh Family Trust, which has acquired a substantial piece of land for ₹72 crore. This development underscores the growing interest
Birla Acquires 71-Acre Land Plot Near Mumbai for Over Rs 1.04 Billion
The land will be used for future real estate development projects.
Real Estate 2025: Predictions and Trends
Industry leaders and analysts share their insights on what to expect in the Indian real estate market in 2025, including price trends, eco-friendly practices, and technological advancements.
Pune Property Expo 2025: Explore Diverse Real Estate Options from January 17 to 19
The Pune Property Expo 2025, scheduled from January 17 to 19, offers attendees a wide range of real estate options, from affordable studio and 1 BHK units to luxurious 5 BHK homes, and even NA plots.