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.
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